Real Estate/Development
Nov. 2, 1999
Lenders promise enables purchasers to move forward without sales contract
Steve Meckfessel and Scott Newman, partners in Alameda-based First Shattuck LLC, found themselves in the uncomfortable position of having to put down $1 million nonrefundable deposit on an office building in downtown Berkeley even though the seller was unwilling to sign a contract.
Steve Meckfessel and Scott Newman, partners in Alameda-based First Shattuck LLC, found themselves in the uncomfortable position of having to put down $1 million nonrefundable deposit on an office building in downtown Berkeley even though the seller was unwilling to sign a contract.
Most lenders would have balked at getting involved in such a spurious arrangement, but the San Francisco office of Fremont Investment & Loan committed itself to providing a $20 million acquisitio...
Most lenders would have balked at getting involved in such a spurious arrangement, but the San Francisco office of Fremont Investment & Loan committed itself to providing a $20 million acquisitio...
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