Let’s Make a Deal!
Client looking to trade free and clear assets for income property anywhere in US
Client looking to make creative deal and juggle his portfolio. He has the following assets and is willing to trade any or all of them for or as a downpayment into income property with a cap rate of 8% or better. His firm has excellent credit and is willing to put new loans in place if required. Owner carry property is preferred or loan assumptions are OK. He will consider ALL states. He does not want to exceed 60% LTV, so his trade has to be close to 40% down payment. He will go into apartments, rental houses, office buildings, strip centers, mobile home parks–no motels or restaurants.
Assets to Trade:
- free and clear Clovis,NM leased building (listed at $250,000)
- 7 free and clear improved lots in Lake Whitney Tx (listed at current value of $95,000)
- Two luxury home lots in Riverview Estates, Spokane,WA: free and clear $150,000 each($300,000 total)
- Tenant in common Interest in 400 plus unit apartment building in Houston,TX Value $410,0000 (in good standing and performing)
- Tenant in Common Interest in High quality office building Minneapolis,MN Value: $335,000 (in good standing/performing)
- Luxury Home Cave Creek,. AZ- Price lowered to $1,375,000 free and clear (will consider trading up or down on this asset)
Let’s Make a Deal! Contact TMO via email or at 1.866.539.1777