$950,000 Earnest Money Deposit has been transferred one day after the contract was signed for a 45-day term

Background:

In the fast-paced world of real estate transactions, swift liquidity and security are essential. Leading TX-based Private Equity Fund sought to acquire multiple properties in Houston, Harris County, Texas. The challenge? They needed immediate liquidity to proceed with their ambitious acquisition plans.

The Challenge:

The main challenge was securing the necessary funds to tie up multiple properties for due diligence across a broad geographical area.

The Solution:

Duckfund provided soft deposit financing to ensure liquidity was available immediately, allowing the client to proceed without delay, thus maintaining their strategic advantage in competitive real estate dealings.

Deal Breakdown:

Purchase Price:
$230,000,000
Soft Deposit Term:
45 days with extension for additional 45 days
Soft Deposit Size:
$950,000

Timeline of the deal:

14 Nov
5 Dec
7 Dec
8 Dec
Application
PFA signed
Option agreement signed
LLC registered
PSA draft submitted
PSA signed
Soft deposit transferred
14 Nov
Application
PSA draft submitted
5 Dec
PFA signed
7 Dec
Option agreement signed
8 Dec
LLC registered
PSA signed
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: 6 Sellers and Newly registered LLC

Key Benefits of Partnering with Duckfund:

Swift Turnaround:

The Client quickly had liquidity, enabling them to promptly secure multiple 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. The Client successfully secured multiple properties with Duckfund's efficient soft deposit service. This case illustrates Duckfund's commitment to providing speed, security, and reliability in soft deposit transactions, 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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