Global Auction Guide

Court-Ordered Auction in the matter of SEC vs. PEM Group, Danny Pang et al Sealed Bid Offering 7.46 acre site of vacant, commercial land - Jacksonville Anticipated to be developed for hotel use Zoned PUD (Planned Unit Development) and will accommodate a maximum of 250 hotel rooms Located at the southwest quadrant of JTB and I-95 Bids Due: Friday, December 11th 1:00 PM Summary of Terms: $100,000 Cashiers Check required in order to bid; 10% Buyers Premium will be charged to high bidder; 10% total deposit submitted with bid; buyer pays all closing costs; Seller provides title insurance; close of escrow within 30 days; 2% paid to properly registered cooperating broker; property sold as-is with no contingencies; sale subject to court confirmation; please see Property Information Package for complete terms of sale. If you would like to receive the Property Information Package, please download the Confidentiality Agreement from this page, complete and return by fax to 949.727.9022 or by email to tcook@tranzon.com