A client was part of a multi-investor partnership looking to buy a large tract of distressed real estate. Banks offered him a loan for the full amount at preferred rates. However, he wanted loans made to each partner so everyone could participate.
Abbot Downing worked with him to structure a lending approach, backed by his personal guarantee, so each partner could borrow at the same preferred interest rate.
This option allowed the partners to move quickly and concentrate on the real estate investment—not on the distinctions between their share of equity. Abbot Downing listens and consistently finds unique ways to accommodate special requests.
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Wells Fargo & Company and its affiliates do not provide legal advice. Please consult your legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of you own situation at the time your taxes are prepared.