Below are select transactions closed recently under a Client mandate targeting "C" class, distressed assets. This particular client desired lender involved transactions in where the asset could be purchase for $.10=$.30 on the dollar of the original capital stack. The information below illustrates our unique capabilities and the often below-market pricing we facilitate.
Our inhouse Acquisition Specialist made direct contact with a bank asset manager whom the company had a prior lending relationship with. The asset manager was so frustrated with a particular asset, pricing was not the most important issue. A strong relationship with prior performance and the commitment to close in a timely manner without the fear of retrading at the last minute is what earned us a non competitive opportunity to purchase the following asset:
Our inhouse Disposition Specialist had been marketing an asset for quite some time. Offers were procured in the $40k a door range and declined by the seller. When the loan matured and the loan was called Just Multifamily was able to negotiate a shortsale with the lender just before foreclosure occurred. Because of Just Multifamily’s long term, strong relationship with the lender a quick deal was struck that saved a borrower from a defeasance and allowed a buyer a great opportunity:
Our affiliate management company while serving as a court appointed receiver was awarded the opportunity to market the property for the trustee. Just Multifamily’s numerous affiliate resource companies allow us a firsthand opportunity at many multifamily assets before they become distressed or for available:
Please contact us to learn more about the many other recently sourced and closed transactions.