The seller was hesitant because of title issues and different incumbents on the title. In addition, these units were dated and it was difficult to source a qualified and able buyer for these specific properties.
We sourced a suitable investor and not only qualified and was able to pay the market price, we were able to handle diligently and quickly the title issue to move this closing along on a proper and record timeline.
“I wish that I could be able to work with Dovi and MLD investments in the transactions that I have done in the past. Here it was an incredible timeline and the clarity and smoothness of the entire transaction made it recommendable in the future”.
This owner owned this property for roughly 10 years. They have worked diligently to bring in the right tenants and to keep them in a consistent and functioning manner. They intended to sell it at a certain price point, which was not feasible in our first interaction. However, that was the exit strategy to offset the retirement and exit the workforce.
We understood their timeline and what they needed for this to be a suitable sale for them. And we took the long-term outlook and made sure that we reached the right time. Then we were able to put the right and qualified investor into this property, which hit the price point of the owner and we were able to successfully close this on time with no hitches and no surprises.
“The best way to describe this transaction is that everything that Dovi from MLD Investments said happened to the T. We spoke way in advance and were able to follow up at the right time and the investor presented the qualified offer that we were set out for and closing went as smoothly as possible. “
This property was bought on a very low basis and the seller had two major hesitations regarding a sale. Number one was whether or not he could replace the cash flow. Second thing: he did not want to market this property and was wondering if you’d be able to secure a qualified investor for his property without blasting this property.
We demonstrated how we were able to understand the needs of the seller and to facilitate the requirements needed for this sale to be a discrete one and on strong terms, both in price and timeline.
“I typically do not sell my properties. The hassle that involves listing and having toured and dealt with unqualified buyers is such a toll that I prefer not to engage in a sale. Dovi and the MLD Investments team demonstrated how a focused and discrete transaction could get done at top of the line quality.”
This property would be multi-generational ownership and at the time that we were engaged, there was time to sell this property.
The ownership was out of state and required extra care to be able to do this on an effective timeline.
We were able to see the value of such property and we engaged a small-time property owner that was on the rise to purchase larger properties and the highest quality asset. They were elated that they got this opportunity to purchase this property directly. They completed cash out within less than a year without major CAPEX.
“Dovi did an impeccable job of putting this deal together from start to finish. He reached out to us with amazing timing and what he suggested was the best thing for us and he saw the solution through to fruition. I would recommend him for any other deals we were selling in those markets, and we continued to work together today and our friendship has blossomed.”
The ownership of this property was going through a transition in their personal lives and the timing of considering a sale was pertinent. However, because of other factors that were taking place, the idea was to have the sale done in a quiet and focused manner and not to work with multiple buyers that were not able to perform.
We came in and understood the sensitivity of the cell and we made sure to present this to the most qualified and provable track record. We got it exactly right. They executed it, got there and the owners got their number.
“You are satisfied with this sale. Dovi did an exceptional job in putting this together and we are grateful to him for.”
This was a mom-and-pop operation, and as the years wore on, it became abundantly clear that it deserved a new face and new operators.
The ownership was at first skeptical that we would be able to hit the pricing they were after.
We only required several weeks to source the buyer and present the qualified offer and get it under contract. We ended up closing this property within the set amount of time we said it would take to get an offer in.
“This has been the quickest transaction I’ve ever participated in, and it was welcomed, and we were amazed at the execution of this deal by all the parties that Dovi put together.”
A large fund was considering unloading a property in an outlier market and we presented ourselves as a suitable candidate to source the right group for such an investment.
We put together 2 Dynamics family offices that joint ventured to purchase this property. This served as a springboard for other transactions, any good capture of value on the development that sprung into full action very shortly after they put this transaction to close.
“I constantly think back as to how pivotal this purchase was for us. I have gratitude towards Dovi and his team that put this together and made it happen. Thank you very much.”