The program offers solutions for Real Estate SELLERS who are: (see examples of each on subsequent pages)

1. Facing taxable gain in troubled Commercial, Multi-Tenant Properties, Retail or Pre-Foreclosure situations,
2. Wishing to reduce taxes on the phantom income from principal pay down,
3. Wishing to solve problems typically faced by senior (55-85 year old) Real Estate holders regarding exit strategies, increasing cash flow and getting liquid without incurring taxes,
4. Concerned that future refinancing will be difficult or impossible, caused by the combination of declining lease rates and likely increasing interest rates,
5. Selling the family farm, ranch or land with the goal of having maximum after tax income free for investment and minimizing the taxes on the gain,
6. Seller of business with real estate linked to the business who wishes to sell property and maximize after tax proceeds,
7. Syndicators with multiple partnerships who want to sell portfolio, but different partners in different partnerships have varying tax situations. How can the sale and distributions be designed equitably and with sensitivity to individuals?

What is the seller's motivation?

1. Property is troubled (negative cash flow, can't be refinanced, etc.)
2. Owner is tired of managing and wants to cash out and simplify life
3. Owner has health issues
4. Owner wants to cash out and reduce risk and uncertainty
5. Owner wants to cash out, take profits and quit RE or park cash until the environment changes
6. Owner has partner conflicts
7. Owner has liquidity issues and needs liquidity
8. Owner has income issues and needs to shift from growth to income strategy
9. Tenants are renegotiating, interest rates are likely to rise and refinancing in the future may be difficult or impossible and he wishes to sell now rather than risk selling or refinancing later.
10. Specific events: Divorce, death, family or business issues
11. Owner wants to do estate planning

Why does a seller hesitate to sell even when he wants to sell?

1. No buyers at the right price
2. Doesn't want to pay tax on gain and doesn't want to operate replacement property
3. Can't qualify for financing 1031 replacement property
4. Can't find appropriate replacement property
5. Sale will trigger adverse tax problems for partners
6. Sale will trigger more tax than equity in property
7. Paralysis caused by the uncertainty of the economy and the future
8. Paralysis caused by all of the above

The CPR Solution will:

• Defer gain
• Take profits without tax
• Create new basis for partnerships
• Create new deductions to offset income
• Eliminate the management headaches without taxing the gain

The CPR Finance Program allows you to replace property:

• With only 5% down
• Regardless of credit
• Non-recourse

Turnkey solution to identifying and financing Commercial Replacement properties from $10 million to $500 million.