Client wanted a warehouse; for investment and owner-user purposes. In the past they had only owned retail assets, never large-scale industrial. By emphasizing their strong retail experience and utilizing their retail assets, we were able to initiate favorable lending terms
Tip:
Don't wait too long to submit an LOI! Being expeditious about submitting a written Letter of Intent, signals serious intention and makes a good formal introduction. Verbal offers risks losing deals; sending an LO gets sellers attention and can start the counteroffer process
"Working with Lance's group was an absolute game-changer. They identified a top-notch asset that fit our criteria, assisted with arranging debt and helped with insurance coverage for the property. We definitely will be working together in the future. Highly recommended."
FAQs:
Do I Really Need 25% Down??
While standard commercial mortgages typically require 25% down, we are able to assist borrowers that have additional assets or strong business financials to secure down payments as low as 10% through specialized equity structures.
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LCG
Using our market expertise to value your asset and craft a specific marketing strategy, we are able to unlock the maximum potential. At that point, we connect you directly with our buyer clientele base, deliver rapid indications of interests, and competitive cash offers.
Just had a client that almost missed out on initial approval for a 100+unit acquisition due to limited experience. By leveraging his liquidity, obtaining a commitment with top tier property management, and restructuring the presentation, we were able to secure funding terms. LCG