A sale to Flexible midway through an improvement project. Capture today’s market value, free up cash, and decide if you want to get paid extra to finish the project. A great option if the benefits of an early sale outweigh the risk-adjusted gains of waiting until project completion to sell.
Get closing certainty with a non-refundable deposit. We’ll work with you to determine a fair price based on the projected value at completion and remaining time and costs.
You choose the sale date.
If desired, we will put a construction agreement in place with incentives from Flexible for timely, quality completion.
Secure your sale, today- Sell at any point in your project’s lifecycle, locking in today’s market value and securing pricing that reflects the full value of the completed project.
Close on your timeline- Complete as much or little of your project to find the right balance of risk and reward.
Free up cash- Convert your equity to cash with the option to increase earnings by getting paid to complete the project after selling to Flexible.
Possibility of lower pricing and proceeds- Waiting to sell and hiring an agent to list on the market may result in higher offer pricing and net sale proceeds, even after paying commissions.
Limited tax benefits- Other Flexible Offer Types can result in meaningful savings by deferring taxes on capital gains and depreciation recapture. If you are considering a 1031 exchange, we can help you reduce the risk of a failed 1031 exchange by providing options to extend the sale date.
Missed opportunities- Other Flexible Offer Types give you benefits beyond those of a standard sale, including the potential to earn more and receive passive income.
You are halfway through the renovation of a 50-unit multifamily project that you expect will be worth $10,000,000 upon completion. Your estimate of total project costs is $7,000,000 and you have spent $5,000,000 to date on the purchase and partial renovations.
You sell to Flexible today for $6,000,000, booking a profit, and you sign a construction agreement to get paid $150,000 to oversee the completion of the project for Flexible.
This example is simplified to exclude details that vary by owner and transaction, including the impact of taxes, tax savings, and miscellaneous third-party transaction costs.
Every Flexible offer is custom-built to achieve owners’ goals. For a Builder Pre-sale, here are the most important items to consider:
You decide when you want to close the transaction. By delaying the closing and making progress, Flexible may be able to increase our offer price.
We can give you a cash advance prior to the sale date that will be credited against the sale price at closing.
You choose whether or not you want to remain involved, as a project manager, equity partner, or both.
Most owners who choose a Builder Pre-sale are trying to strike a balance between maximum earnings and responsible risk. By selling a portion of the project to Flexible, you take some risk off the table and retain the benefits of the project’s future success.
When you request an offer, we’ll share options so you can choose your desired combination of offer features and make an informed choice. We can include preapproval to make changes after reaching an agreement so you have flexibility as the future unfolds.
Yes, we require a Completion Guarantee—a promise for on-time and lien-free completion in compliance with all current local, state, and federal building codes and standards of construction.
Flexible conducts a thorough review of your project’s design, permitting, schedule, budget, architecture, engineering, and construction service providers. Once we understand the project and the path to completion, we ensure the right team is in place to complete the project as defined in permitted project plans and specifications.
Our offers are customized to maximize the collective ownership group’s satisfaction. Flexible will ensure each co-owner receives the terms they want, whether it’s cashing out, remaining an owner, or both. You tell us if you want us to work with a single contact, the group, or individually with each co-owner.
We’ll determine if your loan can be paid off without penalty and, if the rate is below market, whether it can be assumed. If we can keep a below-market rate loan in place, we may be able to increase our offer price.
We’ll work with you to coordinate our onsite inspections and collect property information as part of our due diligence. If certain materials are not available or easily accessible, our team can help.
Typical transactions prohibit owners from making changes or canceling. With Flexible, you get unlimited offer adjustments and seven days after accepting our offer to cancel.
No questions asked.