Sale-Leaseback
Do you have a building that you're tired of dealing with? Does it need improvements, or is it tying up capital that could be put to better use to grow your business? We can help.
We can arrange a transaction known as a "sale-leaseback," in which we buy your building and lease it back to your business. This is a popular transaction for all types of businesses.
It's a fact of life that real estate on an operating business' balance sheet is a drag on the measures used by lenders and investors to evaluate your business when raising capital.
At the same time a business needs a stable location under its control in order to plan for the future. In many cases this is a catch-22 that causes business owners major headaches.
The sale-leaseback provides you with a solution. You can walk away from the closing with cash payment for your property that can be used for your business (or any other need), and a long- or short-term lease agreement of your choosing to remain in the building.
Here’s how it works:
We ask for preliminary information about the property. We have a one-page submission form as a guide for the type of information we need for a preliminary review. We will review the information and give you a call within two days to discuss the situation and determine your needs.
Next we arrange for a site visit to inspect the property with you. We can schedule the visit at your convenience, and will need access to all areas of the property.
We then analyze the information, the condition of the property, and your requirements for the sale and lease terms. This may require additional inspections or evaluations. All inspections and reports are prepared at our expense.
When the analysis is complete we will present a detailed proposal for your approval. This will include the results of our inspections and all the major points of the sale and lease terms, including draft contract and lease documents for your review.
If you decide to proceed, we will execute a contract and begin preparations for closing. We have local attorneys and professionals who can perform quickly to complete the transaction, usually within four to six weeks.
That's it, as painless and hassle-free as possible. There is no cost or obligation to you at any stage of the process until you decide to move forward with a contract.
If this sounds like it may work for your situation, we invite you to give us a call to discuss your situation.
