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.