Inexperienced buyers and agents without proficient understanding of multifamily transactions and underwriting can cause transactions to fall apart. This often happens with MLS co-broke transactions after the offer to purchase is signed with contingencies issues. Commercial transactions are nothing like the typical home sale and 30 year mortgages realtors usually deal with.
Underwriting and debt service coverage ratio come into play more than appraisals in financing. Comps or comparable properties can be a rotten way to valuate a property.
Or founder has millions and millions of dollars in multifamily commercial sales in experience and applying this specific knowledge to your transaction has value. If you run into road blocks its nice to have someone that’s navigated though something similar successfully in the past
Non principal parties within the transaction:
3rd party managers don’t want to lose your account.
When and if they are are apprised to a potential sale their workload is likely to go up & they may lose the management position.
We have proven ways to navigate these issues.
Home-seller’s clients want a sale! Tenants? Not as much.
This means tenants are not as cooperative or flexible as home sellers and buyers because they are not vested in the transaction.
In fact tenants can complain about assets to spite landlords.
WADSRE has 20 years commercial brokerage experience selling or leasing over a million square feet of space with a focus on restaurant and retail, redevelopment and multifamily.
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