Estate required liquidity to pay tax, debt, and beneficiary obligations. Deed restrictions and foreclosure proceedings restricted owner’s access to equity. FBP was contacted as a reliable source to discuss options and propose actionable solutions.
FBP proposed several solutions to include a combination of surety bonds, debt and equity. FBP was selected based on combined benefits offered to owner as well as performance history. Acquisition included residential, multifamily, and industrial real estate.
FBP negotiated directly with Banks to cure default and preserve owner’s equity. FBP engaged its team to remedy restrictions. Estate was able to satisfy its financial obligations. Beneficiaries were able to realize cash from equity that would have otherwise been lost to restrictions or bank foreclosure. Sixty day close.