The Davidian Post

I have decided that I will relate the actual daily activities of my career. This is the true story of a Real Estate transaction. Today I received a call. It was from a friend of mine. We have dealt with each other on a completely different area of business. It is entertainment of sorts lets call him Tommy. Tommy called me today to tell me about something he had heard from his close friend Harry. Harry was in on the offering of a landmark real estate property in my city of Los Angeles. I was told that this offering was on the double O 7(007) in street lingo otherwise known as hush, hush. This property was being offered for a substantial amount of money. Tommy wanted to know if I knew a buyer. I told him that I potentially did if I could get the particulars on the subject property. So we decided to talk later and he would call his buddy Harry for details or any material on the subject property.

Around 6pm. I received a call to see if I was available for a conference call. I was in Marshall at this time. It was a ridiculously hot day in LA so I decided to go and cool off with my assistant Money Penny. I actually live with her she is my partner. So Money Penny and I went in to cool off. Tommy wanted to know if I would be available to receive a conference call in fifteen minutes. I told him I would be and quickly told Money Penny to grab the towels she was looking at. We headed straight for the cashier and out the door. We headed to my sisters house close by to pick up a check that had been left there for me and to wait for the call.

Tommy called me with his friend Harry on the conference line, after the perfunctory introductions I got straight to business. I wanted the particulars of the site, the financials and the relevant information. I was told that the property had a 35+ pages of an Offering Memorandum. I was also told that I would need to sign a Confidentiality and Non-Disclosure agreements. This property was being offered by the seller and not listed with anyone. I said I would agree to this.

I went back to my office and discussed the property with one of my collegues Randy that is his real neame. He immidiately pulled out a property profile from one of the title companies. We were able to very quickly ascertain the financing and the last purchase price and ownership. Randy had a potential buyer, we agreed that he would wait for me to get the rest of the information before he approached his buyer. I left the office and waited for the appropriate time to call my contact in Dubai his name is Charles. We discussed the potential of this property and we decide that he would wait for me to get the details before we contacted our international buyers. I advised him on the confidentiality and we agreed to wait for further information.

End of Pt. 1

Filed under: Market Activity, Uncategorized