&O is a real estate brokerage engaged in the business of providing real estate solutions to both developers and individual buyers.
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&O can arrange for the purchase of up to one-third of the units built in a real estate project, and once the parties agree on terms, purchase agreements are typically delivered in 30 to 60 days. The sales provide developers with a means of selling the units needed to secure construction financing, while preserving the developer’s opportunity to participate in the future appreciation of the sold units. |
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In addition to disposing of up to one-third of the units in a project, additional streams of advance profits and cost savings are created by using one of the solutions outlined above, including:
- the reduction of marketing and sales costs;
- the diminution of carrying costs by starting construction 6 to 12 months early, or completing construction on time;
- providing leverage with a construction lender to negotiate a lower interest rate based on higher presales; and
- eliminating the need for equity partners.
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The terms outlined here can be modified to meet a developer’s needs and the purpose is to help developers begin, or in some cases complete, construction timely. Therefore, &O ’s goal is to create a flexible structure within which individual buyers can be protected, while the developer enjoys the profits associated with a finished product.
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