Freehold Capital Partners Announces $40,000,000.00 New York Project

ALBANY, N.Y., May 25 /PRNewswire/ -- Freehold Capital Partners (http://www.FreeholdCapitalPartners.com) is pleased to announce an agreement regarding a real estate project in New York. The project's estimated final improved value is $40,000,000.00.

By working with Freehold to structure a one percent Capital Recovery Fee (also called a Private Transfer Fee Covenant), the project owner can more fairly apportion costs and, in consequence, lower the sales price. Since a portion of the significant capital investment in the project can be recovered over time, current and future buyers will enjoy lower acquisition costs, which means lower closing costs and lower monthly interest payments. In this way a Capital Recovery Fee is distinguishable from a government transfer fee (i.e. a tax that raises property costs for everyone as a means of funding government services).

A portion of the future income stream created by Freehold is allocated to nonprofits that benefit the community. Through this program, long-term funding is created for clean air, clean water, green space, literacy, affordable housing and similar endeavors that help build better communities and enhance the quality of life in and around our projects.

About Us: Through our team of over 700 agents, we have partnered on billions of dollars worth of projects nationwide, including commercial, retail, hotel/motel, industrial, apartment, residential communities and more. In the process, we have created what is estimated to become one of the largest charitable funding sources in the U.S.  In addition, by creating a Capital Recovery Fee and segregating the income stream out from the project (much like PID bonds and similar development financing vehicles) the project owner has the potential to bring additional liquidity to the project.  This, in turn, can restart stalled projects, create jobs, pay down bank loans, and create a ripple effect throughout the economy.

Disclaimer: This release contains forward-looking statements. No guarantee of accuracy is expressed or implied and no reliance shall be made upon information herein. Dateline release is state capital and may not reflect actual project location. No representation is made as to the date the project was submitted to Freehold, the final completion date, or the actual project value when completed. The Company undertakes no obligation to update information.

Keywords: Non Profit Funding Private Transfer Fee Covenant Transfer Tax Capital Recovery Fee Distressed CRE Loan private transfer fee covenant

SOURCE Freehold Capital Partners

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED