Cash Buyers Welcome | Real Estate Assets & Business Funding
Produce LoI & PoF on Enquiry
Upon gaining access to the portal or stocklists and identifying opportunities that align with your interests, promptly send a Letter of Interest and Proof of Funds. This action grants you exclusivity on the asset for a specified period, allowing you to view, request specific information such as the tenant schedule, and any other detailed details outlined in the Letter of Interest. Kindly explain that these documents are essential for conducting due diligence and facilitating a swift offer submission. At this stage, request any additional information you may require to complete your due diligence. If all requirements are met, you can proceed with submitting an offer, which will entitle us to manage the asset until delivery. The Letter of Interest should be presented in a structured format, clearly expressing your interest in the asset and providing an estimated price range subject to viewing or any other terms that should be disclosed. It is crucial to include exchange and completion terms.
Asset Release Fee (ARF)
When negotiating the sale of assets in distress, it is imperative to include an Asset Release Fee (ARF) as a component of your offer. This fee should be invoiced promptly and deducted from the final price. The inclusion of the ARF demonstrates your seriousness about the transaction and ensures that you have access to the necessary information and documentation to facilitate a smooth delivery. For properties valued over £2 million, the ARF is £20,000 per asset. This fee will be invoiced and can be paid via bank transfer.
Offer
Upon completion of the necessary due diligence on the asset, we can proceed to the formal offer stage. This document will outline the terms of your offer and include specified timelines (we recommend a completion period of 7 to 14 days). It will also specify payment terms and the preferred method of asset delivery, whether it be to a private entity or a Special Purpose Vehicle (SPV).