Testimonials

Dear Howard:

It was an absolute pleasure representing you and Jae Cho in the purchase of [...] Mobile Home Park in July, 2010.

In a challenged real estate market within an economic climate that was less than optimal, the St. Paul Group was able to overcome the numerous obstacles that this 132 unit park was facing which included: foreclosures from both the 1st and 2nd lien holders, high property deferred maintenance, management and collection isses, local municipality issues and more.

Throughout the process, the St. Paul Group, LLC was able to diligently come up with solutions to the issues and ultimately orchestrate a closing that yielded the best possible outcome for the seller.

Once all parties came to a final agreement, the St Paul Group was able to close within 1 week, on an 'All-Cash' basis, which was seldom seen in 2010.

I have driven the park since your acquisition and I admire all the improvements and stabilization that have been made since your closing and I know the alderman is as well.

As a successful broker of 19 years, I would highly recommend the St. Paul Group LLC as a potential purchaser of real estate and I look forward to our next transaction.

Sincerely,

Steven B Livaditis

Vice President of Investments
National Multi Housing Group Director
Marcus & Millichap

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I have been truly impressed by how Howard and Jae managed the College Park project. Starting with how they identified and diligenced the property to their thoughtful preparation of business plans and collaboration with investors. Their integrity is beyond reproach, which became evident as the process went through some financing hurdles and how they thoughtfully walked the investors through the process. Their thoughtfulness, adeptness and perseverance in overcoming these hurdles ultimately led to our attainment of a remarkably attractive loan purchase from the bank. They identified one of the keys to the success of the park was collaboration and support of the local government, and they spent time with their offices prior to making the purchase.   

I was really struck by the level of commitment when Howard moved and spent a full 6 months living in Wisconsin to personally manage and turnaround the park’s operations, which resulted in financial performance that have exceeded my expectations.

As a corporate lawyer and former wall street quantitative analyst, I am very conservative and particular with my investments.  It is a unique business model, one which I unfortunately passed on when Howard first mentioned it to me in one of his earlier projects. Having spent more time with Howard and after going through this project, I now appreciate the attractiveness of this model and how profitable it can be with the right team managing it.    

Bottom line is I will gladly work with Howard and Jae again, and I look forward to working with them on their next venture. 

Franklin P. Huang