A purchase transaction for clients that were in a 1031 exchange. Very excited about this deal for these clients this was a real big move up for them.
Biggest challenge was that the clients had no other assets in Washington, the clients were also up against stiff competition from deep pocket REITS.
We utilized the Fannie MAE DUS program with the Green Rewards component. Was not able to get a whole lot of leverage on the deal but got some great interest only and the clients got the deal. We closed and on time.