Ben Frederick III, CCIM gets results!
An out-of-town investor was
interested in purchasing a defaulting loan on an
apartment building. I performed the market analysis.
The investor purchased the note and began foreclosure
proceedings. Upon obtaining title, we began marketing
the property, targeting tax-credit developers. Through
repeated contacts and lengthy negotiations with
developers with tax-credit experience, the property went
under contract.
An owner lived on a major
thoroughfare in an older home and rented the house next
door. She wanted to sell and move into a retirement
home. After researching zoning and environmental
issues, it was determined that a single retail users
present the highest and best use of the property. I
surveyed the area to ascertain the most likely users and
began contacting those retail chain. The property sold
for more than the owner expected and she is happily in
her new retirement home.
Owner of a 20 unit apartment
property wanted to sell to dissolve a partnership that
had been in place for about 20 years. Due to the size
and location, it was determined that a professional with
an appetite for real estate would be the most likely
buyer. Searching for same through out database, we
presented the property to 7 prospects, one of whom
submitted an offer and the property was sold within 30
days.
Ben
Frederick III, CCIM