Bowling-Rack-Slim

Background

 

A proprietor had been leasing his building for more than ten years and had the opportunity to buy it but didn’t have enough cash for a reasonable down payment.

 

Challenge

 

Bankers want to see a buyer have “skin in the game” through a reasonable down payment.  

 

Solution

 

We were able to get the seller to accept a discounted purchase price for the building reflecting a rent credit.  We were able to demonstrate to the bank that the purchase price was not inflated and that there was a true economic down payment through the rent credit.

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