Success Story - 1555 Yosemite Avenue, Unit 55

The Challenge

Our client faced a particularly challenging industrial condo purchase, complicated by a series of obstacles:

Changing Lending Requirements: Different banks had varying phase 1/phase 2 requirements, creating a roadblock to closing the deal.
Evolving City Policies: City regulations were in flux, adding layers of complexity to the transaction.
Record-Keeping Issues: There was a notable lack of city verification and follow-up inspections regarding the removal of underground storage tanks in the area.

Our Solution

Despite these hurdles, we successfully guided our client to a successful close by implementing several strategic actions:

Thorough Research: We conducted an exhaustive search of city records to confirm the completed removal of underground storage tanks, ensuring compliance with the lender’s requirements and thus qualifying our client for an SBA loan.
Proactive Planning: We consistently developed alternative plans to stay ahead of any potential roadblocks, allowing us to swiftly switch tactics if Plan A encountered issues. It allowed us to lead our client out of one lending option to another.
Strong Relationships with Lenders: By maintaining and cultivating relationships with top local lenders who understand the market and vendor landscape, we ensured our client had access to the best financing options available.
Effective Communication: Daily communication and diligent follow-ups with lenders, seller, and our client were paramount. This relentless engagement maintained transparency and trust, ensuring everyone was aligned and informed throughout the entire process.

The Result

Through our meticulous approach and unwavering dedication, we successfully navigated the complexities of the industrial condo sale. Our client's trust in us was reinforced, and they secured a strategic property that met their business’s needs, all while overcoming significant challenges. This success story exemplifies our commitment to excellence and our ability to deliver results in even the most complicated transactions.