Are you considering purchasing an apartment building to add to your portfolio? Do you need to locate a building and have professional real estate representation for your interests?
Pillar Property Services, LLC, performs buyer-brokerage services representing nonprofit organizations and governmental agencies. We have the understanding of the unique financial situations of nonprofits and government agencies, and are adept at closing the deal, even when the buyer is not in a position of strength. We also specialize in long-term and/or bridge loan financing for the purchase.
Examples of our transactions include:
Corona Street Residences – Pillar represented the buyer in all negotiations of this 54-unit, HUD-subsidized senior building. We also procured the financing for the acquisition, making a potentially difficult deal a reality.
Garfield St. Apartments – Pillar brokered the purchase of this 36-unit HUD-subsidized property for our client.
Ronald McDonald House – When Children’s Hospital decided to construct a new Ronald McDonald House, Pillar Property Services, LLC, worked with multiple parties to turn this beautiful mansion into housing for single mothers.
High St. Apartments – This 15-unit apartment building had not hit the market when Pillar learned of its possible availability. Pillar was able to see that transaction to completion by working with the owner to extend various deadlines when the buyer’s financing initially fell through.
Anchor Community – A Pillar client had recently received a grant from HUD to purchase an apartment building that would provide housing for previously homeless and mentally ill tenants. Working against a tight deadline to make use of the grant. Pillar located this property and worked out a very quick sale with the owner, while creating a win-win situation for both parties. While the property was purchased below the seller’s originally appraised value, the transaction enabled the seller to partake in a current tax benefit.