The current chaos in the commercial investment real estate marketplace has redefined the role of the investment real estate broker. The lack of traditional sources of available debt means financing real estate acquisitions, as we have known it in the past, is a challenge. Today the company is focused on the client’s needs not only to sell or acquire, but also the client’s need to restructure, pay down or retire existing debt. These current needs may result in the client’s decision to sell a property, refinance, and/or infuse equity in to an asset along with a debt restructure to solve the client’s current capital needs.
West Coast Investment Realty. Inc. provides opinion of value analysis and related advisory work for clients on a fixed fee or hourly basis. Typically if this service results in an exclusive assignment to represent a Seller or Buyer these fees are waived or reduced.
The company's buy-side representation has been the result of referrals from other brokers, other clients and other sources of referrals including CPA's and real estate attorneys. Representing Sellers for whom the company has completed a sale transaction continues to be the other source of West Coast's buy-side transactions.
DEBT PURCHASE & RECAPITALIZATION REPRESENTATION:
Lack of liquidity in the debt market, coupled with falling values has resulted in numerous banks being closed down and/or consolidated. The result is many lenders are forced to shed portions of their loan portfolios of both performing and non-performing Notes to satisfy
West Coast's clients vary by product type, but the majority of the company's clients are private investors in the product types focused on by West Coast.
TAX DEFERRED EXCHANGE:
Many of the company's clients are utilizing the IRS Tax Deferred Exchange mechanism, as regulated by the Federal government, in order to dispose of one investment and reinvest in a larger investment property while deferring the capital gain tax to a future date. The Principals of West Coast do not give any tax advice to their clients, but can refer all clients' questions regarding the tax deferred exchange to a qualified CPA firm with whom the company works on a regular basis, Block & Gaunce, CPA's, Solana Beach, California.
In addition the company's Principals encourage their clients to use a financially stable and strong exchange accommodator to hold a client's exchange proceeds in order to avoid any risk to these funds prior to reinvestment.