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Partner for Equity Share in Condo pays $50,000.00. - $500000 (Seattle)
This is a creative financial transaction using the equity in the acquisition for business development purposes. It is perfectly legal and we can show you and or your attorney how and why it works.
The equity share is in the form of a UCC1 pledging the personal property right to the real estate which in effect provides a first lien position in the deal as a personal property right which is evidenced by the UCC1 filing. The UCC1 in effect will wrap the first lien position in a reverse purchase mortgage.
As cross collateral to preclude any other second position in the real estate from being recorded, we will also give a second wrap around position of the first lien position that will come about from a reverse purchase mortgage.
It is important to understand that the real estate is incidental to the transaction as the purpose and benefit is the use of the bridge loan proceeds from the equity in the real estate to provide security for the bridge loan.
The equity share will be re-purchased in 365 days for $550,000.00
The photo shown herein is for illustration purposes only.
A confidentiality agreement is required.
Qualified parties are invited to respond with a private email address, name and phone number so that we can get started.
- do NOT contact me with unsolicited services or offers