Cranberry Evolve

THIS LOT SOLD. WE LEAVE THEM UP ON OUR SITE FOR SEO AND A HISTORICAL ARCHIVE OF THIS INDUSTRY.

25 Million OTG
Long Beach, CA area

SOP:

• NCNDA from seller. Seller sends it out. Important for the seller to do this.
• ICPO/KYC/AML  —  Due Diligence by Seller, vetting attorney will contact buyer attorney if needed for DD
• Get the lawyer to write an LOA that the buyer has strong funds and is RWA
• IMFPA/Escrow Agreement/SPA (within the SPA the buyer can change the escrow language with a direct wire if preferred)
• Buyer moves money into the buyer’s attorney Escrow.
• SGS Provided
• Warehouse Inspection
• Upon Inspection, Buyer Wires Total Balance / Title Transfers

Notes:

• This is a failed buyer. Will sell in the next 24 hours. Ready for inspection Thursday.
• Buyer’s Escrow needs to be funded and then they will allow inspection. LOA from buyer’s attorney get’s inspection in 24 hours.
• Patriot Health LLC is talking to the seller mandate with one group in-between.
• $2.41 commission built into the $26.50
  • 50/50 split Seller and Buyer side
  • 44% of the 1.205 is available for the buy side. (Don’t ask me why. Sellers decision.)
  • No Mandate Box. The commission is split three ways.
    • 1/3 to Patriot Health LLC .35
    • 1/3 to Joes Group .35
    • 1/3 to Various Intermediaries .35 (Everyone is fitting into this box. Only one person in there currently named Bill.)
  • Currently, there are three boxes and 35 cents open.
  • The price can be increased to $27 all in and the extra 50 cents would be added to the buy side commission structure and then divided into fourths creating a new box for you and your broker group. In that scenario the boxes would look like the below:
    • 1/4 to Patriot Health LLC .39
    • 1/4 to Joes Group .39
    • 1/4 to Various Intermediaries .39
    • 1/4 to Your Broker Box .39