SouthCorp Capital Announces Sale of Property for 300% Return
15 Octobre 2014 - 3:00PM
Business Wire
SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the
Company has agreed to sell one of its properties. The Company will
receive a return of approximately 300% on the sale of the
property.
The Company acquires properties that have been condemned or near
condemnation. As such, the Company is able to acquire the
properties at below market price. Once the Company completes
renovations, the Company lists the property for sale. The Company’s
overall expenses are reduced on renovations since our Chief
Operating Officer is a licensed contractor.
About SouthCorp Capital.
SouthCorp Capital, Inc. is a Delaware corporation. The Company
focus is on the acquisition and renovation of single-family and
multi-family properties in the U.S. with the intent of reselling
the property after renovations have occurred. Our real estate
investments are expected to focus on properties undervalued
and/or in need of some repairs.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
Contacts:SouthCorp Capital, Inc.Joseph
Wade661-418-7842info@southcorpcapital.comwww.southcorpcapital.com
SouthCorp Capital, Inc.Joseph Wade,
661-418-7842info@southcorpcapital.comwww.southcorpcapital.com
Southcorp Capital (CE) (USOTC:STHC)
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