$950,000 Earnest Money Deposit has been transferred one day after the contract was signed for a 45-day term

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Background:

In the fast-paced world of real estate transactions, swift liquidity and security are essential. Leading TX-based Private Equity Fund sought to acquire multiple properties in Houston, Harris County, Texas. The challenge? They needed immediate liquidity to proceed with their ambitious acquisition plans.

The challenge:

The main challenge was securing the necessary funds to tie up multiple properties for due diligence across a broad geographical area.

The solution:

Duckfund provided soft deposit financing to ensure liquidity was available immediately, allowing the client to proceed without delay, thus maintaining their strategic advantage in competitive real estate dealings.

Deal Breakdown:

Purchase Price:$230,000,000
Soft Deposit Term:45 days with extension for additional 45 days
Soft Deposit Size:$950,000

Timeline of the deal:

14 Nov
Application
PSA draft submitted
5 Dec
PFA signed
7 Dec
Option agreement signed
8 Dec
LLC registered
PSA signed
Soft deposit transferred

Signed documents:

  • Option agreement Signed by: The Client, Duckfund
  • Purchase facilitation agreement Signed by: The Client, Duckfund
  • Contract of Sale (PSA) Signed by: 6 Sellers and Newly registered LLC

Key Benefits of Partnering with Duckfund:

Swift Turnaround:The Client quickly had liquidity, enabling them to promptly secure multiple 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.

Conclusion:

In the competitive world of real estate, swift action is often the key to success. The Client successfully secured multiple properties 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.

Sign Now, Pay Later with Fast Soft Deposit Financing

Discover how Duckfund can help you secure prime commercial real estate quickly, close multiple deals at once, and rapidly grow your CRE portfolio. Only pay the soft deposit when you are ready to close the deal.  Apply for fast CRE funding now. We'll get back to you within 24 hours. 

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