Buyers Guide

SNDA’s & Estoppel Letters

Schedule to Speak with a Specialist There's an old saying that no job is tougher than the one you take for granted. That could certainly be said about SNDAs and estoppels, two mainstay documents of lease administration that are all-too-frequently overlooked. A subordination, non-disturbance and attornment - SNDA - agreement is actually three agreements in one. The “subordination” portion permits a...

What is Zero Cash Flow?

Schedule to Speak with a Specialist A Zero Cash Flow Deal is ownership of real estate structured as a “Bond” and, then, highly financed due to the credit worthiness of your Credit Tenant. It’s called a Zero Cash Flow Deal because all of the rent goes to the institutional lender. What kind of property can be made into a Zero Cash Flow Deal? A Zero Cash Flow Deal is constructed like a bond. It must be...

Sale Leasebacks

Schedule to Speak with a Specialist A Real estate sale leaseback is when a business sells its commercial property for current market value and then instantly leases it back. They sell it to gain built up equity which frees up capital which can be used to invest back into the business. There are many other benefits to this transaction as well. The balance sheet of your business is improved greatly and...

What is a Ground Lease

Schedule to Speak with a Specialist A lease of land only, on which the tenant usually constructs the building (usually required to build as specified in the lease) with their own funds and owns the building during the term of the lease. Such leases are usually long-term net leases; the tenant's right and obligations continue until the lease expires or is terminated through default. In its most basic terms,...

1031 Exchange, The Basics

Schedule to Speak with a Specialist Generally you cannot go wrong in an exchange if you remember the simple rule that "You must trade equal or up in equity and/or debt". You may do a deferred exchange, but you must identify qualified replacement property within 45 days of the date you close on your relinquished property. You must actually close on the acquisition of the identified property within 180 days...

Fee Simple NNN Leases & Benefits

Net Lease Properties are the traditional real estate investment with no management obligation for the owner. In its purest form (called a NNN - Triple Net Lease) the tenant manages the property, doing everything from paying all the operating expenses, property taxes, utilities, insurance premiums, maintenance and repairs. The landlord gets to collect monthly net rental income just as he or she would with a...

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