Sachem 2019 timeline
Category: Historia
Actualizado: hace 1 meses atrás
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Created byKaila Coleman
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Eventos
Option B LOI is signed subject proof of fundsBuyer (Ophir) does not want 679 or option B just 661Wants to get back to buyer about moving forward on 661; wants to approach Yoney about house in foreclosureYoney avoidance of foreclosure on 679Requests 100k nonrefundable deposit to move forward with buyer (Ophir)Offers a 75k deposit with his LOI when Phase 1 is deliveredNo issues with 75k and LOI; Believes Phase 1 is doneWants the updated Phase 1 reportUpdated report should be available mid week; Yoney offer did not ask for reportSent proof of funds from one account and will send the rest in a different emailRevised LOI based on premise that Phase 1 will be in soonChain discussing third buyerDiscussion of signed LOI to move forward with saleRevised LOI and deposit check to be picked up at 10:30Request for Jeff Villano to sign LOI and follow up on updated Phase 1Attached LOIAttached info on 660 Lindley and business plan created by YoneyREDACTEDTransferred Scott Polatsek due to interest in LindleyAttached Fact Sheet on propertySelf note about two contracts for 661 and 679 LindleyProposal of two contracts; offer for 661 and 679 for 900kLiked the two contract proposal and wants to talk with Jeff Villano; new lien on Yoney residenceSent appraisals done for 661 and 679 foreclosure; started eviction on YoneySent over Hygenix report; Ken did not like itAttached two LOIs - one for 661 and the other 679; request signature; chain negotiates moniesRequests the LOIs againBuyer (Ophir) is going out of country and wants to sign off on purchase for all three propertiesRequest for Ken to prepare contract to be reviewed by attorneyCannot do the contract but can get LOIs signed for reviewRevised LOIs and requests signature before leaving the countrySent Signed LOIs for 661 and 679 in one closing and 660 in anotherAttached the first environmental reportRequest for CallPer phone call, LOI will be terminated and deposite refunded due to legal proceedings Yoney filed on propertyPer a conversation with Jim Brownstein, LOIs were sent for review, Phase 1 was forwarded in aprehension of a PSA; if not approved deposit will be returned and environmental will be discussedTime for Purdue diligence to tenat simed up for preliminary studiesAttached environmental for 661 and 679 for review and request for next stepsChain discussing criminal chargesRequst for update on buyer and a site assessment of 660Attahed a fact sheet on 660 to interested buyer; declined for priceProspective buyer wanted to withdraw due to environmental report; Ginsberg negotiated a new as is offer to considerAttached revised LOI for 661, 679, and 660Requested signature for a mutual termination form; correspondence with Donna filling out form as wellRequest to process return note of 15k asap for 661Information on Lindley properties for new prospective buyerInformation on Lindley properties for new prospective buyerCheck is ready with Gerri to be picked upRequest to look at Phase 1 and asks for suggestions if a buyer can move forwardBuyer(Ophir) got deposit back and offered 500k for both properties with a contract to purchase 660 for 350k at a later date; Ginsberg proposes new option to finance for the full 750kLikes the new proposalOffered Ophir the new proposal -- countered with 550k cash; requests next steps; requests how low to go in negotiationsContact info of a potiential purchaserRequesting information on Lindley propertiesWants to move forward with contract; Buyer is at 725k Villano is at 750KAccepts the 725k offerSigned LOI at 750k but won't close till May and need to get deposit backRequest for depositAttached LOI and attorney working on contractAttached signed LOI and request for 15k depositRequests ejection action statusInformation on Lindley properties for new prospective buyerLindley fell through offers new propertyAsks about a price decrease when 679 hits market againNew price proposal for all three Lindley propertiesFollow-up on price reductions; Donna agrees to reductionsContact info of a potiential purchaserPrice Reduced Ads go outAttached LOI for 660 LindleySuggests to take a more serious look at Lindley PropertiesDoes not have a client at present interested in Lindley propertiesHave a client interested in 660Can be owner financing and owners need to sell 661 and 679 before selling 660Request for update on propertiesRequest for information on 660Information on Lindley properties for new prospective buyer1.15M buyout offerContact info of a potiential purchaserChain discussing a meeting to discuss a mutual agreementLack of response to meeting timesUpdate on 661 Lindley and other properties listed with KenInformation on Lindley properties for new prospective buyerInformation on Lindley properties for new prospective buyerAttached a LOI for review and signature for Lindley propertiesInformation on Lindley properties for new prospective buyerInterest in purchasing 660 and wants to submit an offer; sends an offer to purchaseAttached offer for 660 Lindley (Alberico)Proposal for how to sell the propertiesUpdate on 661 Lindley and 679; attached Phase 1 with note that offer in all cash no contingency would be consideredChain discussing how to sell 687/689 and confirming the hearingSuggests 661 to potential purchaserSuggests Ophir make an offier for 661, 679, 685 no contingenciesNot interested in 661Discussion of which properties to sell to get Yoney out of the equatoinSpoke to buyers of 660 and they did not want to buy unless they can use it for their purposes; asking for a 90 day extension to perform zoningAttached a revised offer to purchase 660Working to get buyer to reduce due diligence and contingencyAttached 660 Lindley Fact SheetEstablished agreement between Sachem and YoneyResolution outlineEffort to get buyer to purchase againRequest for confirmation on releases of lis pendensBuyers of 660 are looking for a response on offerCannot accept offer and offer expired 6/21Attached income and expense statement for 661 LindleyRequest to confirm rent roll is correct before buyers place no contingency offerDisagrees with rejected offer for 660; proposes a new offer to a bottom feeder clientWill take a lower offer to close quickerRequests a Phase 1 on 660No phase 1 for 660Details about potential development and the requirements of planning and zoning for 660; will get an offer after phase 1 is receivedAttached a proposed LOI for 661Purchase of 687-689 Lindley from Juda Epstein in tax foreclosure. $1,078,961.47Signed LOIAttached signed LOI and offer for 661; verified purchaserLOI for 450k attached to be signedGeneral update on all properties Ken had been listingOrdered Phase 2 environmental for 660LOI revised for 30-45 days to close with 10k depositSent two offers for 661Request update on offer for 661Accepted 450k offer if buyer can close in 14 daysAccepted 450k offer if buyer can close in 14 daysNeeds the 45 days to closeSticking to the original offer and time frameUpdate on buyers offers and them sticking to 45 days for closingRequesting infformation on 660 LindleyOwners are willing to take 45 day close and requested 10% deposit upon execution fo Purchase Agreement; attached revised LOIUpdate on 660, 661, 679Environmental report on 660Attached revised LOI for 661REDACTEDReaching out about interest in moving forward with 660; have interest and a tenant for retailAttached payoff figure and information explaining figureAttached LOIAttached signed LOI and request 10k deposit; offered 679 and 685 for 450kProposal of sale of 660 for 650k; attached offer, fact sheet, enviromental report, survey, and plans from YoneyBuye did not want the office building but was interested in the two family house; Ken informs they are a package dealRequests information about a building lot and notigies that 10K will be delivered with the week and 35k will be delivered on 8/17Requesting information about the property across from 661; cash offer onlyDiscussion about when to drop the 35k depositDiscussion regarding curb cutting and general development of 660Discussion regarding curb cutting and general development of 660Request for a sale price for 660; has cash offer for 150k no contingenciesAttached signed contract by seller; still have not received 10k deposit and request 35k deposit be made before buyer leaves the countryWants 450k for 660Request update on offer for 660Do not have deposit due with LOI, signed purchase contract, or additional deposit; no dealDoes want 661; tried to call but no answerRequest to have interested buyer for 679 to callStill no initial deposit for LOI or deposit for the contract; no word from buyerNo money or contract no dealOphir wants to revise contract for financing; Other buyer still offering 400k and 2 week due diligenceWill still accept Ophir's offerRequest for ledger of tenants and rentInformation on Lindley properties for new prospective buyerLindley Street PurchaseContact info of a potiential purchaser for 660Attached contarct and funding agreement to be signedSent a P&S agreement with deadline; request info about leasesAttached offer and POF for 660Attached updated CFE and Contract R1Attached revised offer for 660Attached offer and proof of fundsCountering offer for 660 with 475k and need to close other deal by 8/30; same deposit and timelineConfirmation of court stipulation for Yoney's payout responsibilities660 buyers countered with 375k; requests update on 661661 has until 8/30 to finalize; 660 can be decided after closing on 661; attorney has depositRequest to prepare invoice for 405k purchase price for sellerAttached invoice for Ginsberg and request sale contractUnsure 661 will close by 30th; requests clarification of commission4% broker fee; dispute on whether to pay it because Ginsberg did not bring buyerChain discussing Hillel's purchase of the property at less than 750kDiscussion about sale signsRequests updates on 661 closing and 660 offers still out thereEmail to potential puchaserDiscussion of Ginsberg's lack of information to sell properties and Yoney's complaints about Ginsberg's continued advertisment of the propertyEnclosed emergency motion to enforce stipulationRequest for info on 661 Lindley to purchaseRequest about 661 availability and request to see itRequest to show 661 Lindley to potential purchaserPervious buyers approaching with a new offerFeeler to potential purchaserUpdate on all listed properties; buyers waiting on responses on their offers; cannot respond on 660 because of caseRequest for keys to get into property to show to potential purchasersSummary of components of the offers that have been coming in on 661; major financial sink for buyersRequest to show 679 Lindley to potential purchaserChain regarding attached bayview foreclosure and request for info regarding lis pendensConfirming showing for 661 Lindley; still no keys from YoneyRequest for an update on Yoney's position so Sachem can move forward with the saleRequest to reschedule when Gisnberg can have keys from YoneyREDACTED/StipulationRequest for more information on 661 Lindley; response answers questionsRequest to take hearing off the court's scheduleRequest for ShowingChain discussing the lender's commitment letterIncome and expenses of propertiesYoney failed to perform under stipulationReported two showings at 661 LindleyLoopnet lead requesting a lease to own option on 679Request to remove listing of 661 Lindley againAttached commission invoice; 661 closing; 660 buyer countered and waiting to hear back; 679 scheduling tour with Damion Dawes; Sachem will accept the counter on 660Will remove listing of 661 Lindley off their siteEnclosed emergency motion to obtain releasesShowing went well and potential purchaser requested further information; replied that Sachem was requesting info from YoneyCommitment letter was not received; request for releasesRequested rent roll and sqfootage for each tenant for potential purchaserNotified intent of personal sanctionsTrying to get info from YoneyChain discussing proposed new buyer to JBRequest for a cash payment in good faithRequest for closing attorney's contact infoExplanation of potential buyers, request for permission to enter into negotiationsChain discussing proposed new buyer to SachemResponse to potential impending sale and Yoney's concernsConfirmation buyer still availableConfirmation that the buyer is real and anxious to closeYoney needs to perform by 10/17 and nothing is scheduled; Hillel closing is scheduled for 30thSachem refusing Yoney negotiation powerWill have an LOI for $475k-500k that day with 9% interest for 24 monthsJB suggests how to handle the sell in light of Sachem revocationChain discussing lack of releases received by the deadline and Yoney forclosureRequest for a letter authorizing Yoney to negotiate a develooper and meeting requestHillel is set to close 10/30; request to market office building and 2 family as packageFollowing up on requested informatio from 1/23Updated LOI attachedSuggested next steps and contract draft for saleYoney filed bankruptcyPotential purchaser replying on interest in 660 Lindley; Ginsberg offered flexibility on priceRequest about 661 tenant rent; offer new tenantProvided rent roll, expense statement, and tenant lease detailsAttached offer for 660 LindleyRequest for Phase 1 from bankDiscussion of FATIC title policySent information on 661, 679, and 660 to potential purchaserSachem's acceptance of offer with condition of bankruptcy exitLetter introducing buyers attorney and request to be updated on saleAcceptance of offer with provision to exit bankruptcy with Yoney; buyer agreed and wanted attorney namePhase 1 from bank has not been doneRequesting Purchase and Sales Agreements and attorney name; will do in house closingMay have a purchaser for 661 and waiting for a depositREDACTEDAttached loan offer for buyerStill no contract for 660; request if 661 was closing that dayChain discussing a potential investorWaiting for bankruptcy court approval; will prepare contract for 660 with correct terminologyProblem with financing and ability to refinanceNew buyer has made no reliable intent to purchaseNo response from the buyerContract for 660 is dependent on court approval; buyer can pen wording they wishSent the contractAttached contract for 660Sent info for Lindley to a potential purchaserAttached proposed contract with note on bankruptcy court approval; directed to appropriate contact for buyer; sent Sachem's attorney contactNever received a contract from buyerRequest on contract status; sent attorney contact againChain discussing oil tank leakChain with attached grant of relief from stayPotential purchaser passed on the propertyChain confirming Sachem's agreement to let Gubitosi's purchaseChain discussing loan rates and communicting with Sachem directlyBuyer for 661 backed out; letting previous interested party know; not interestedChain discussing copy of Phase 1 and closingBuyer for 661 backed out; letting previous interested party knowDiscussion of Phase 1 enviro. ReportsBuyer for 661 backed out; letting previous interested party knowRequest to view 661 Lindley; confirmed showing and updated Donna GenoveseSuggesting 661 to potential buyerFollowing up on potential buyerChain discussing Gubitosi's purhcase interestSpoke to a prospecitve purchaser and informed Ginsberg about land issues and a potential offerOffer for 661 with lots of questions on appraisals and legal complications; Ken replied that intial offer would not be enoughRequested information on potential purchaserAttached proposed LOI; requests signature and return that nightNotifying potential purchaser will pass on propertyAttached LOI from Opir; request for call the next dayPotential purchaser is Scott PolatsekBuyer would like to pay note off in 4yrs changing the rateNotified of potential buyer Scott PolatsekRequest on contract status for 660; no signatureRequest for feedback on the property that buyer refused; reason was property was too close to a similar distributorUpdates; 660 - status on contract; 661, 679, 683 - Buyer is looking for response and status on YoneyUpdated on why Nina Becker's client passedNeeds replys about 661, 679, and 681; needs contract for 660; request for callShowed 661 Lindley to investor that planned to place an offerSent information on Lindley properties and requested an LOISachem requests actual listing agreementsOffer of $650,000 and would pay for phase 1; offered to tell SachemBoth buyers waiting for for responses after hearingSent over Robert Von Ancken's offer informallyCourt took papers on hearing; decision is hoped to be had before christmasRequested and sent payment for Phase 1Request for update on bankruptcy courtRequested who was retained and if they wanted to counter the offer from Von AnckenRequest for update on mattersHave an offer of 750k with a deposit but no signed contractBuyer for Lindley was told by a tenant that Yoney requested rent because he took over the buildingsRequest to see LindleyChain requesting online auction to be taken down 2 years after the factTaking potential purchaser back to propertyRequest for call about LindleySuggests to move quickly on offer; Von Ancken waiting for partner to make a decisionPotential buyer is looking to buy both buildings (Von Ancken)Excited about potential buyer; found out Yoney did something and are waiting for a bill to be releasedSticking to 650K offer and may have a tenant for adjacent office but won't know for a weekSent informtion on all three propertiesChain discussing lack of easement and dely in contractWritng up a 725k cash offer to close in 2 weeks contingent on enviro reportDoing the environmental report that week for 661 LindleyDrafted a nonbinding LOI for review and attached the environmental reportMade changes to LOI and attached Assessor Map; request to sign today to send to sellerAttached all cash no contigency offer for 661 Lindley with interest in puchasing 679 for 250k2 week closing offer for 1M ChainWith attorney working to do both parcels in saleChain discussing holding off for another buyerRequest for call about Ophir not being a real buyer according to RatnerShowing Ophir 679; Ophir has no problem showing fundsChain discussing Option B LOI buyer doesn’t want 679 anymore
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