Frequently Asked Questions
Can we list our property with you?
Yes, we would like the opportunity to speak with you about your property and specific needs. We will not accept all submittals, please contact us to establish a time to discuss.
Are you interested in buying land (raw or entitled) commercial centers or multi-family projects?
Yes, we are interested in looking at land or improved property on the west coast with a preference for Nevada, Arizona, and California.
Can we submit one offer for two or more properties?
Yes, for any offer on more than one property, the price has to be broken down between the properties. In most all cases they have different ownership interests.
What is a fractionalized ownership interest?
In the case of a loan, the loan is held by multiple investors who own a percentage interest in the deed of trust. In other cases, the entity that owns the property is comprised of various limited partners, LLC, or members which originally owned and interest in the deed of trust.
What bank or institution do you represent?
We represent a Nevada licensed mortgage broker that originated loans and sold fractional interests off to individual investors. The mortgage company continues to represent their interests, either as loan servicer or as the manager / general partner of the entity that took title to the property following a foreclosure.
What will you pay an outside procuring broker?
This is determined on a case-by-case basis. We will typically split the commission with any outside, procuring broker.
Will the lender consider a Terms deal / or carry paper?
This is determined on a case-by-case basis. In many instances, the entity that owns the property will consider carrying paper if the buyer makes a large enough down payment and is willing to make regular interest payments on the balance. The rate and term will vary, depending on the specific property.
If I make an offer, how long does it take to get a response?
Any reasonable offer will be submitted to the respective loan investors / members for approval, rejection, or counter offer. The vote of a majority in interest controls. In most cases, it takes 7-10 business days to obtain the requisite votes.
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