๐ฆ๐๐ฟ๐ฒ๐ป๐ด๐๐ต ๐๐ป ๐จ๐ป๐ถ๐๐
๐๐๐๐ ๐๐น๐ผ๐๐ฒ๐ฑ: ๐ฑ๐ฎ ๐ช. ๐ด๐ฐ๐๐ต ๐ฆ๐. | ๐ง๐ต๐ผ๐ฟ๐ป๐๐ผ๐ป, ๐๐ข | ๐ณ-๐๐น๐ฒ๐๐ฒ๐ป ๐๐ฎ๐ ๐ฆ๐๐ฎ๐๐ถ๐ผ๐ป & ๐-๐ฆ๐๐ผ๐ฟ๐ฒ
๐๐ฟ๐ผ๐ธ๐ฒ๐ฟ๐ฎ๐ด๐ฒ: Equity Union
๐ง๐ฒ๐ฎ๐บ: Lucrum Real Estate Group
๐๐ด๐ฒ๐ป๐๐: Raymond A. Rodriguez |ย Matt Freedman
๐๐น๐ถ๐ฒ๐ป๐: Buyer | Long-Term Client
We are thrilled to announce the successful closing of a single-tenant absolute NNN property at 52 W. 84th St., Thornton, CO. This accomplishment closes our client’s 1031 Exchange. Matt Freedman and Ray Rodriguez served as the Buyer’s advisors.
๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:
+ 7-Eleven corporate gas station & C-store
+ 15-year Absolute NNN, (4) 5-Year options
+ Closed escrow at 5.40% cap rate
+ Represented long-term client in fulfilling their 1031 Exchange
+ Secured attractive financing at 6.87% I.O.
+ Located minutes outside of Denver MSA off of I-25
๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ:
The seller, a local developer, sought to sell the property after completion. However, the deal faced several setbacks as Buyers and their agents struggled to navigate its complexities, causing it to fall out of escrow multiple times. Additionally, the available cash on hand was insufficient to satisfy the 1031 exchange, requiring several property refinances to secure the necessary funds. Limited financials made it challenging to provide lenders, leading to a stated income loan. Moreover, Buyer financing criteria demanded low interest-only debt with zero prepayment, which narrowed the pool of available lenders.
๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป:
Understanding the property’s complexities, Lucrum knew that a customized approach was key to achieving success. We brought together a team of experienced attorneys and lenders who specialize in oil and gas properties and out-of-state acquisitions. This expertise was crucial in addressing the multifaceted nature of the deal.
Our team and the listing agent worked thoroughly to break down the complexities, ensuring that every detail was successfully managed. By leveraging our expertise and resources, we created a comprehensive plan that addresses the Buyer’s financing needs while navigating the Seller’s expectations.
๐ฅ๐ฒ๐๐๐น๐๐:
The successful closing of this property was a win-win for all parties involved. By directly addressing the unique challenges, we helped our Buyer achieve their goals for a 1031 exchange and close the transaction
Our team of commercial real estate experts not only expedited the process but also turned this complex deal into a successful sale. By working closely with the listing agent, our dedicated team effectively managed the challenges of the deal, fostering strong relationships that will benefit future transactions.
We understand that navigating a 1031 exchange can be challenging. Thatโs why our team of trusted commercial real estate experts is dedicated to managing every detail with care. We take a strategic approach, turning challenges into opportunities and guiding you toward the right property to achieve your goals every step of the way.
๐๐ผ ๐ฌ๐ผ๐ ๐ก๐ฒ๐ฒ๐ฑ ๐๐ฒ๐น๐ฝ ๐๐ถ๐๐ต ๐ฌ๐ผ๐๐ฟ ๐ญ๐ฌ๐ฏ๐ญ ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ?
In a process involving multiple transactions and strict timelines, completing a 1031 exchange could be a stressful experience. You deserve a personalized strategy, a clear action plan, and quality properties to satisfy your exchange.
๐๐ฒ๐ ๐๐ต๐ฒ๐ฎ๐ฑ ๐ผ๐ณ ๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐๐๐๐๐ฒ๐ ๐ง๐ผ๐ฑ๐ฎ๐ ๐๐ผ ๐๐๐ผ๐ถ๐ฑ ๐๐ฒ๐ฎ๐ฑ๐ฎ๐ฐ๐ต๐ฒ๐ ๐๐ฎ๐๐ฒ๐ฟ
Contact us today! Weโll help you structure the best plan.
๐น๐๐ฐ๐ฟ๐๐บ๐ฟ๐ฒ.๐ฐ๐ผ๐บ
