Managed-Direct Ownership®

• We identify high-quality property targets nationally—matching our client's acquisition criteria
• We fully negotiate the terms of the sale under a Letter of Intent which is followed by a formal Purchase and Sale Agreement
• We manage the entire escrow process including the following:
  • Initial deposit of earnest money from our own funds
  • Identification, collection, and distribution of all due diligence materials
  • Coordination of the escrow calendar
  • Management and review of the loan and property settlement statements

• We identify a third-party property management company, that is acceptable to the lender, to professionally manage the property
• We negotiate and execute the third-party property and asset management agreement
• The property manager's responsibilities shall include the following:
  • Collection of monthly rents through a cash management account held by the lender
  • Payment of monthly mortgage, tax and insurance impounds, as applicable
  • Payment of monthly automatic distributions as directed by our clients
  • Collection of reimbursable CAM expenses (if any) from the tenant(s)
  • Provision of a monthly operating statement to our clients
  • Provision of a year-end tax package to our clients

• We identify an appropriate lender to provide the mortgage and negotiate and execute a term sheet for the loan(s)
• We make required deposits to the lender for third-party reports and lender legal fees
• We provide detailed financial analysis to the lender
• We furnish all property due diligence to the lender, attorneys, and accountants via our online document vault portal
• We obtain and review (or oversee the review) all third-party property reports, including, but not limited, to the following:
  • Appraisal
  • Environmental Site Assessment
  • Property Survey (ALTA) and Zoning Requirements
  • Property Condition Report
• We negotiate and execute loan documents
• We manage the entire financing process toward the timely closing of the loan
• We provide a "warm-body guarantor" for the recourse "carve-outs" of the loan agreement, thus making the financing completely non-recourse to our clients

• We engage legal representation to facilitate and review the property acquisition contracts and the financing documents
• We direct legal review of the following:
  • Title report(s) including obtaining the owner's title policy
  • Third-party reports
  • Other ancillary transaction documents

We engage counsel to provide a tax opinion that the property interests should be considered an interest in real estate and not a partnership for federal income tax purposes.