North American Companies,
July, 2006
California Investors Acquired Proven West Texas Oil and Natural Gas Reserves.
Today North American Companies announced it has closed on the purchase of the Kerrville based Oil and Natural Gas company. The partners Peter Woodard and Michael Llamas announced that they intend on drilling on the 27,000 acre as soon as possible while reworking existing wells. The proven reserves at the time the partners had contracted to purchase the company was at $29.00 a barrel and was worth in excess of $3 Billion Dollars according to the study conducted by Nova Resources, a leading Certified Petroleum engineering, exploration and geological firm located in Dallas Texas. Calculating that into Today's Price of $69.50 a barrel, the reserves are worth nearly two and a half times that amount. The Partners today announced that they will privately finance the company without any outside capital. The partners have kept local Oil and gas Entrepreneur Crag Vankirk on as President of the company. Mr. Vankirk said today that he is "Pickled that the oil market has continued to rise steadily over the past few years and at a costs basis of less than $10.00 a barrel for us to produce ,We cannot afford to sit back at prices like this, who knows how long prices will remain this high". Craig also stated that the company is actively looking for more properties and production packages to acquire.
For more information please contact Craig Vankirk at Cvankirk@casoilandgas.com
November, 2005
Real Estate Handy Capping!
Foreclosure and Trustee Note Buyers Michael Llamas and Peter Woodard announce today the purchase of over $50,000,000 in California distressed real estate this year, and at a time when properties are increasing a double digit number per quarter. What makes this a great story is not the number of properties Michael and Peter have been able to acquire but how they have been able to acquire them, the background of their team, the partners, the timing of the market, and the story of how the partners came together and started purchasing distressed real estate in a market like this when distressed undervalued deals are unbelievably hard to find and purchase at any significant discounts. That makes for hard Work!
To start this story off Peter Woodard has been a principal of an international produce brokerage, supplier, shipping company, grower and contract seller for over 25 years. He has also for the past 25 years purchased real estate privately. He is a strong minded, reserved and seasoned businessman. Michael Llamas is a young, witty, deal maker with an eye for a great buy. Michael has spent the last few years purchasing foreclosures and trustee sales with family and since then has amassed quite a track record for himself. He acquired his first property less than a year outside of high school. Peter was one of Michael's first partners and since acquiring their first property together, have set out to change the way real estate is purchased. The two call the process "wholesale" with a handy cap! A term not too often used when talking about Real Estate. They call it wholesaling because every deal they purchase has to have enough of a discount so they can afford to sell the property at 10-20% below the current market value, and they call it handy capping because they have to take into consideration all of the variables that can affect the purchase, the remodel, the hold, the sell then they discount their purchase to reflect the necessary costs associated with the different sales and hold strategies.
I find it fascinating that in a market this fast paced, with values continuing to increase as fast as they have been, that the pair continues to sale, their properties at below market prices. When asked why they sale the properties below market price Michael stated "were risk adverse and we want to have a guaranteed exit for our homes right away, we don't want to hope for someone to purchase our homes, we want to know, that's why we purchase properties at large enough discounts and sell them at a Wholesale price, and we call that Wholesale with a handy cap."
After looking at the properties they have been able to purchase, I need to evaluate the way I have been buying!
-P.Singh
August 1, 2006
Property Line to Invest in Clarion Hotels.
Real Estate and distressed opportunity company, PLI to invest in Clarion Hotels in San Jose California. The company is led by Partners Michael Llamas and Peter Woodard. The partners have agreed today to capitalize the local Hotel Chain and its San Jose based holding Companies Rosemary Land Co, Delta Hotel Group and other related entities with the necessary capital to expand the company's position into three additional properties. Delta Hotel group owned by Noor Billawala was unavailable for comment. The Hotel group per public record has 6 properties in the Greater San Jose area consisting of several lots parcels, a golf course and driving range and hotels. The portfolio is estimated to be valued in excess of $300 Million Dollars. The PLI Partnership said today that the Hotel Groups position on their assets is all in areas with tremendous growth and have little leverage. PLI plans on acquiring additional positions in the company as well as the surrounding real estate parcels.
March, 2007
Tahoe, Nevada
Heavenly Ski Resort Condominium Projects to be acquired
Today LW Premier Holdings announced it has reached an agreement to acquire a condominium project in the Heavenly Ski Resort, located in Tahoe Nevada. The company owned by North American Companies principals Peter Woodard and Michael Llamas plan on selling the units over the course of the next few months. The project was acquired for just over $4 million dollars. LW Premier plans on selling the units below retail market value in order to sell the units over the next few months and create demand. The company said it currently has sales reservations on half of the units prior to the closing. LW Premier Holding specializes in the acquisition and repositioning of distress real estate throughout the United States.
To contact LW Premier Holdings please email Arleen@LWPremier.com
December, 2007
Phoenix, Arizona
California Based distressed real estate Buyout Company to acquire a rolling option on Mountain Canyon Condominiums in Phoenix Arizona from Florida based Sunvest Communities. LW Premier Holdings signed a contract to acquire the remaining units located in the exquisite Mountain Canyon Condominium complex today. The deal worth over $17 Million dollars is set to close in several phases over the next few months. LW stated that the market is right to acquire projects that allow you to reposition them for Wholesale liquidation. LW is actively acquiring options on well positioned projects over the next few years in anticipation of a softening market. LW said that it has presold the first phase of its acquisition to wholesale buyers and anticipates doing so on the subsequent phases as well. LW Premier Holdings is a subsidiary of North American Companies of San Francisco, which is owned by Michael Llamas and Peter Woodard.
Founding Partners
Peter Woodard
President and Co-Founder
Steven Llamas
Co-Founder
Michael Llamas
Chief Executive Officer and Co-Founder
Legal Department
Michelle Sides, Esq
Vice President and General Counsel
Executive Team
Peter Woodard
President and Co-Founder
Michael Llamas
Chief Executive Officer and Co-Founder
Michelle Sides, Esq
Vice President and General Counsel
Zion Jerge
President of Acquisitions
Managing Partner, Regency Capital Partners
Vernon Darrimon
Vice President, Business Development
Managing Partner, North American Acquisitions
Kim Carranza
Operations Manager
Steven Llamas
Co-Founder
Gary Ciampi
President, Montgomery Stone
Acquisitions and Dispositions
Neil Malkin
Business Development
North American Exchange
Michel Piette`
Principal, President of Finance
North American Finance
Abderrazak "Abdou" Boughanmi
Senior Partner
North American Partners
Dana Wolfe
Director Of Operations
North American Partners
Laila Merchant
Acquisitions Manager
South East Division
Michael Zuliani
Principal
North Rock Holdings
Lance Burt
Principal
North Rock Holdings
Bruce Christy
Director
North American Acquisitions
Jayme Moffett
Director
North American Global
Lloyd McFarlin
Director
North American Global
For more more information on the executive team or individual biographies please email Legal@northamericompanies.com
Contact
Thank you for taking the time to visit North American Companies corporate website. Below you will find North American Companies office locations and Contact information.
Corporate Offices
North American Acquisitions
425 Market Street, 22nd Floor
San Francisco, California 94105
Telephone: 1-877-80-NAACO
Facsimile: 1-866-763-6414
11501 Dublin Blvd, Suite 200
Dublin, California 94568
Telephone: 1-877-80-NAACO
Facsimile: 1-866-763-6414
North American Finance Co
1000 de la Gauchetiere, Suite 2400
Montreal, Quebec, Canada H3B 4W5
Telephone: 514-448-5030
Facsimile: 514-448-5101
North Rock Holdings
6260 S. Rainbow Blvd. Suite 100
Las Vegas, Nevada 89118
Corp Office: 1-877-80-NAACO
Toll Free: 1-877-415-2111
Facsimile: 702-314-2811
For mailing addresses, Overnight Service, or Service, please call for instructions. Some locations will not sign for delivery.
http://www.michaelllamas.com/
http://www.northamericompanies.com
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