LANDLORD TESTIMONIALS SHOWCASE THE VARIETY OF LEASE PREPAYMENT BENEFITS

Every cell site lease financed by Md7 brings a story of how the cash payment improves the lives of leaseholders, whether individual or institutional.  Here are a few of their stories:

YMCA Funds Scholarships with Cash from Md7

An inner city YMCA in Texas did not want to risk the loss of its wireless tower lease; the money was too important to this charitable organization.  By executing a cell tower lease assignment with Md7, the YMCA received over $40,000 in cash, which it used to establish needed scholarship and outreach programs for underprivileged children in its area.

Paying off Home Mortgage Eases Retirement Worries

Approaching retirement age, a Pennsylvania resident was worried about the loss of income from his cell towers because the contract allowed the wireless company an early termination.  After receiving a letter from the carrier that the future of his wireless tower lease was under review, the homeowner was even more worried.  “My site could be canceled, then how would I pay the mortgage?”  When Md7 offered $78,000 in guaranteed funds, the homeowner jumped at the opportunity to pay off his mortgage in full.  Problem solved; worries gone.

Antenna on Fire Station Roof Converted to Fire Truck in the Station

A one-fire truck town in Iowa needed to add a second vehicle at a cost of $250,000.  The plan was to put a sales tax increase on the ballot. If it passed, tax proceeds plus the income from the cell tower on the station roof would be used to fund the new fire truck.  City officials were concerned about the risk associated with financing a vehicle with a cell tower site lease that could be cancelled by the carrier, and the tax increase was not a popular option.  Md7 was able to provide $125,000 cash up-front, funding the new fire truck without raising taxes or taking a financial risk. There are now two fire trucks in the town.

Real Estate Investor Uses Cash from Cell Tower Lease to Buy More Property

Real estate fortunes are often made by leveraging current investments to purchase additional properties.  One independent real estate investor received monthly income from a cell tower on a three-story office building just outside of Dallas.  He found a great opportunity in an apartment building that was for sale in Salt Lake City.  However, the investor’s bank wouldn’t provide a loan on the wireless tower lease because of the early termination clause in the contract.  Md7 provided the prepayment cash of $125,000 for a down payment on the new property, allowing the investor to close the deal and expand his real estate holdings.

No Better Investment than a College Education

Texas A&M University is Texas’ first public institution of higher learning, opening in 1876.  It is one of a select few academic institutions in the nation to hold federal triple designation as a Land-Grant, Sea-Grant and Space-Grant university.  Many Texas children aspire to attend A&M, as did the child of one wireless tower lease holder.  A $30,000 cash prepayment from Md7 was used to provide a major portion of the college costs.

Church Mission Trip Funded with Md7 Cash Payment

A non-denominational church in Lewisville, Texas was committed to a new major undertaking − sending a team of members on a year-long international mission.  Md7 was asked to provide a cash prepayment.  The church netted $100,800 in cash, which funded the entire mission project.