Import-export and sourcing Africa, China, South-East Asia, South America and Europe
looking for real estate as follows:
Minimum value : USD 10 million
Waterfront land; Commercial Properties such as Class A Office Buildings, Shopping Malls, Apartment Buildings or Complexes, Medical Centers, Nursing Homes, Hotels and Motels including Chains, Resorts and Theme Parks.
We are also interested in Residential Developments [all phases], Condominium Complexes, Marinas and will consider Manufacturing, Technologies, Transportation and Shipping and Energy related projects.
Surety Instrument:
The purpose of the Surety Instrument is to ensure that the Seller proceeds to closing. Upon contract signature and placement of the Surety Instrument, the Trust shall commit to purchase and close on the transaction. The funds for these purchases originate from outside the United States and are taken from numerous investment vehicles used by the Trust’s Investors from around the world. As such they may not come all at once and may be accumulated by liquidating such assets that they have identified as at or near their maximum value, or perhaps assets that are simply under performing. Therefore the Trust and Euroasian are making a substantial commitment to the cost of assembling the funds and must be assured that the closing will take place as agreed. Requiring a Surety Instrument is the best way to accomplish this. The minimum amount of the Surety Instrument is USD$3 million or 10% of the purchase price whichever is the greater. We may require a higher percentage Surety Sum where a Seller wants a quick sale.
The Surety Instrument can be Cash in Escrow, a Certificate of Deposit, a Letter of Credit or a Bank endorsed Promissory Note. The Surety Instrument is to be placed, held, and blocked from any use by either party in a dual signature escrow account or Attorney’s Sub Escrow Account. The bank in which the Surety Instrument is held should preferably be the Seller’s local bank. The equity in the property may be used by the Seller to secure the Surety Instrument as long as all liens on the property are removed at closing. The bond will be released back to the Seller at the closing. This is the procedure used by the Trust Fund for purchases worldwide, and while it is different from a typical acquisition in the U.S., it has worked successfully for them virtually everywhere.
Non-Refundable Deposit:
Once the Surety Instrument has been placed, the Trust will set up a purchase account referencing the purchase contract in a U.S. bank selected to receive the Investor’s funds which will be accumulated in order to close on the property within the specified time period. Within 30 days of the placement and verification of the Surety Instrument, the Seller will receive a non-refundable deposit in the amount of 10% of the Surety Instrument or US$500,000 whichever is less. This Ernest Money Deposit is to be held in escrow and will apply to the purchase price. This deposit is non-refundable to the Buyer except in the case of non-performance on the part of the Seller