Unlocking Opportunity: Deraaff Capital's Fast Acquisition of 14 Prime Properties with Duckfund's Secure Soft Deposit Financing

Background:

In the fast-paced world of real estate transactions, swift liquidity and security are essential. Deraaff Capital, a prominent real estate investment firm, set its sights on acquiring a valuable portfolio consisting of 11 residential apartments and 3 commercial retail properties located at 25 Hudson Avenue in the Village of Chatham. Their challenge? They needed immediate liquidity to secure this promising property portfolio.

Parties:

Buyer:

Deraaff Capital

Seller:

Mobility Ventures, Inc.

Title Company:

Langdon Title Agency LLC

Escrow Agent:

Langdon Title Agency LLC

Attorney:

Mizrahi Legal PLLC

The Challenge:

Deraaff Capital aimed to acquire a portfolio of 11 residential apartments and 3 commercial retail locations with a total purchase price of $1,400,000. To secure the deal, they required a soft deposit of $10,000 with a 30-day deposit term.

The Solution:

Duckfund's soft deposit financing ensured Deraaff Capital had the liquidity needed to secure their desired property portfolio without delay. Additionally, Duckfund's option premium and call option agreement reduced transaction risks, offering a secure and adaptable process for the buyer.

Deal Breakdown:

Soft deposit term:

30 days

Soft deposit size:

$10,000

Properties Acquired:

11 residential apartments and 3 commercial retail locations

Total Purchase Price:

$1,400,000

Timeline of the deal:

Fees:

$1,200 LLC registration expenses
$150 option premium.

Signed documents:

Option agreement
Signed by: Deraaff, Duckfund
Purchase facilitation agreement
Signed by: Deraaff, Duckfund
Contract of Sale (PSA)
Signed by: 25 Hudson LLC, Mobility Ventures

Key Benefits of Partnering with Duckfund:

Swift Turnaround:

The investor firm had liquidity 24 hours after PSA execution, enabling them to promptly secure the properties for due diligence

Risk-Free Process:

Thanks to Duckfund’s call option agreement, the transaction was not only quick but also risk-free for the investor firm.

Multiple Deals at Once:

Duckfund’s capacity to handle several transactions simultaneously ensured that all 14 properties were dealt with in tandem.

Feedbacks:

Samuel Weiner & the Langdon Title team referred DuckFund to one of their trusted clients to provide a soft deposit for their purchase. Duckfund was excellent to communicate with and both Langdon & the client had a great experience working with them. We highly suggest using them for all your deposit needs!

Samuel Weiner

Langdon Title, Vice President, Business Development

Anna and Duckfund team was wonderful. I am an attorney who has dealt with Duckfund on a number of transactions and my clients have enjoyed the products and process they offer. Looking forward to many more deals together.

Evan Mizrahi

Mizrahi Legal PLLC

Conclusion:

In the competitive world of real estate, swift action is often the key to success. Deraaff Capital successfully secured a portfolio of 11 residential apartments and 3 commercial retail locations with Duckfund's efficient soft deposit service. This case illustrates Duckfund's commitment to providing speed, security, and reliability in soft deposit transactions, making it a valuable partner in the real estate industry.

For more insights on how Duckfund can streamline your real estate ventures, don’t hesitate to connect. Together, we can redefine the landscape of real estate transactions!

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