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Commercial Listing In Growing Community Where Seller Has No Money
I'm a realtor taking a commercial listing where the buyer wants to give up equity to a speculative investors or partners to build out a higher market value property. He has architectural drawings, but doesn't have the financial means to fulfill them. He bought the property when it was a bad area and the buildings were condemned. Now the area is trendy and multi million dollar projects are happening right across the street.
How would you describe this alternative transaction listing? Does anybody have a similar experience.