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Real
Estate
The
International
Real Estate Equity Xchange (IREEX) and the
American Trade Cooperative (ATC) are
bringing to the American real estate marketplace
an innovation, consisting of using Trade
Credits, together with cash, in buying and
selling transactions.
Property Owners
who can take advantage of this method are:
-
Sellers of
land with limited marketability
-
Buyers of
property wanting to reduce their cash and
credit requirements to make acquisitions
-
Sellers of
property wishing to offer better terms to
potential buyers without discounting
-
Owners of
property wishing to monetize and put to use
dormant equity
PRIMARY BENEFIT:
The
system allows owners of non-productive assets,
such as vacant land, to monetize the
assets and convert them to Trade Credits, a form
of money that can be used to transact business.
HOW ARE TRADE
CREDITS ACQUIRED? A
property is pledged, as security, for a line of
credit in Trade Credits. Title to the property
pledged does not transfer, but a Notice of
Interest is used to record the encumbrance at
the time the line of credit is activated. If
the principal is not able to use the Trade
Credits to make a desired purchase he/she can
terminate the arrangement at any time and
retrieve the pledged asset.
HOW DOES IT WORK?
The ATC
Trade Credit system operates similarly to a
REIT. In a REIT assets go into a Trust which
issues stock certificates; in our case pledged
assets go into a Trust which, in turn, issues a
Dollar-denominated Trade Credit that is used, as
part of the consideration, in real estate
transactions. The portion of the consideration
paid using Trade Credits ranges between 20% and
45%.
WHO WE ARE:
The parent
company has operated since 1974 and the current
management team has over 125 years of collective
experience in real estate. The CEO of the
Companies owns an enviable record as a broker,
investor, developer, syndicator, lender and a
sales and marketing specialist. |