ASSIGNMENT:

Purchase transaction for a repeat client who was in a 1031 exchange. Ideally he wanted the highest possible leverage on the transaction.

CHALLENGE:

There was a lack of historical income and expense statements provided for the building a result of the seller being bad with their bookkeeping. Seller had high onsite management expenses.

SOLUTION:

We were able to provide lender a satisfactory proforma that was in line with an appraisers forecast and well as the underwriter. Got the loan closed and on time.