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10 Room Vacation Rental Sale
Client Seller
Assignment Sell business, real estate and inventory for highest possible price.
Challenges
- Zoning not allowing the current rental income of over $300,000 a year
- Setting up buyer tours while business is fully functioning
- Commercial loan would be cost prohibitive, residential loan would be difficult to qualify for
Solution Arranged seller financing and secondary private financing for buyer. Required buyer to sign complete knowledge and liability waiver on legality of income.
Result Sold on 2/25/2016 for $2.2 million.