American Premium Water Corp. (HIPH)

[fanglemeister]

Some interesting due diligence to add here:

http://www.city-data.com/city/Aventura-Florida.html

Search for "Home Mortgage Disclosure Act Aggregated Statistics For Year 2007", near bottom of page. These are the newest/latest numbers available - too bad nothing more recent. That said,


Statistics for home loan origination MARKET in Expert's Aventura area: (loans originated x average value):

FHA: 6 x $212k (lack of FHA lender in the area back then? Not now!)

Conventionals: 1287 x $353,000

Refis: 647 x $322k

Home Improvs: 57 x $173k

Non-occupants: 778 x $373k

Total originations: 2,769

Total Dollars of home mortgage loan originations in 2007: $962,700,000.

Expert's first two locations are both within this compact, defined area, but the new Bal Harbour shop is not considered part of the Aventura area. Demographics there in Bal Harbour will show higher-priced properties than Aventura.

Expert does loans for properties outside of this area of course.