03/05/2023
Another Fourplex, Sold!
Iโm pleased to have negotiated $105,000 down from the asking price with an additional $45,000 in credits to buy down the rate for my clients, the buyers. Buying down the rate will result in a savings well into the 6-figures over the duration of the loan. Although the seller wanted a 60 day escrow, we were prepared to close around day 17 and ultimately negotiated an early close capping a one month escrow. This is a replacement property for a 1031 exchange, and we didnโt let that slow us down at all.
I have an incredible team behind me and sharp clients who trust us, and it makes all the difference. This income property was a great acquisition at the perfect time. A big thank you and congrats to my clients, and a shout out to Joe and Sue Schoney for handling the loan so fast!