After selling off parcels in 2005, Florida builder now has the cash for great deals in 2009. More
After selling the majority of its land assets in 2005 and 2006, Medallion Homes is now in the enviable and unusual position of being a private builder with cash to take advantage of rock-bottom land prices. The private builder has spent $7 million in the past eight months to buy some 300 finished home lots in three developments in the Sarasota area. Medallion's been paying cash and, in a couple of cases, outbid some pretty heavy financial players for the land. More
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