(Total Views: 115)
Posted On: 12/09/2021 2:14:16 PM
Post# of 27074
Hopefully upon closing this transaction will allow $CRDV to pursue other deals...
The transaction is expected to close during the first quarter of 2022. As a result, Community Redevelopment will now have additional bookable assets of millions of dollars entering onto its balance sheet. The Company will also receive a pro-rata share of the cash flow from the properties, a pro-rata share of capital gains, as well as assuming a pro-rata share of the debt, development costs, and operating costs. Community Redevelopment will also be required to indemnify and pay all costs associated with the continuing development of the acquired assets and to fund all capital calls on the properties.
The transaction is expected to close during the first quarter of 2022. As a result, Community Redevelopment will now have additional bookable assets of millions of dollars entering onto its balance sheet. The Company will also receive a pro-rata share of the cash flow from the properties, a pro-rata share of capital gains, as well as assuming a pro-rata share of the debt, development costs, and operating costs. Community Redevelopment will also be required to indemnify and pay all costs associated with the continuing development of the acquired assets and to fund all capital calls on the properties.
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