$25,000 Earnest Money Deposit covered for 3 months in New Jersey

Background:

In the fast-paced world of real estate transactions, swift liquidity and security are essential. The NY-Based Private equity fund sought to acquire a property. The challenge? They needed immediate liquidity.

The Challenge:

The main challenge was securing the necessary funds to tie up the property for due diligence.

The Solution:

Duckfund provided soft deposit financing to ensure liquidity was available immediately, allowing the client to proceed without delay.

Deal Breakdown:

Purchase Price:
$4,150,000
Soft Deposit Term:
90 days
Soft Deposit Size:
$25,000

Timeline of the deal:

9 Oct
10 Oct
13 Oct
Application
PFA signed
LLC registered
PSA draft submitted
Option agreement signed
23 Oct
26 Oct
PSA signed
Soft deposit transferred
9 Oct
Application
PSA draft submitted
10 Oct
PFA signed
Option agreement signed
13 Oct
LLC registered
23 Oct
PSA signed
26 Oct
Soft deposit transferred

Signed documents:

  1. Option agreement
    Signed by: The Client, Duckfund

  2. Purchase facilitation agreement
    Signed by: The Client, Duckfund

  3. Contract of Sale (PSA)
    Signed by: The Seller, Newly registered LLC

Key Benefits of Partnering with Duckfund:

Swift Turnaround:

The Client quickly had liquidity, enabling him 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.

Conclusion:

In the competitive world of real estate, swift action is often the key to success. Investor successfully secured a property with Duckfund's efficient soft deposit service. This case illustrates Duckfund's commitment to providing speed, security, and reliability in soft deposit financing, 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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