By Don McClain | Founder & Principal, Medro Advisors
Trepp's Q2 bank CRE improvement is market context for a property seller, not evidence that a particular buyer can close. For a financed offer, ask the transaction professionals to distinguish a preliminary financing discussion from a written commitment and identify the conditions still outstanding. Compare the proposed equity contribution, financing contingency, diligence deadlines and closing date with the evidence available. Verify private financial information securely. Evaluate price together with execution conditions before choosing an offer. Amable Properties can discuss the property, intended outcome and sale options. A sale requires diligence and agreed written terms; closing is not guaranteed. FUNDED is forthcoming.
