Letter of Intent | Cactus Creek Apartments LLC
SELLER'S TERM FOR OFFER
The Joseph M Hantman Revocable Trust is in contract to sell their Sweetwater portfolio (+ the former Coca-Cola Bottling facility in Big Spring at 3418 W. Hwy 80) to Cactus Creek Apartments LLC.
Cactus Creek Apartments LLC does not plan to keep the properties listed below. If you'd like to get into contract now with Cactus Creek Apartments LLC for the listed properties, please select the property you'd like to buy along with your offer for price. Things to consider:
- It is assumed the buyer will pay for title insurance.
- The seller does not have a survey for these properties.
- Seller financing is not an option.
- Earnest money is 1% of transaction if your offer is greater than $100,000; otherwise $1000.
- Closing venue is Sweetwater Abstract & Title / Homestead Title.
- Select a feasibility period to familiarize yourself with the property if you need one. Feasibility periods or option periods are explained here if the concept is new to you. Preference is given to contracts with no feasibility period.
- Your closing date will be May 13th or shortly after that date. If you need survey (and you will in the case of financing) that takes about 2-3 weeks and so does appraisal if you need financing. This means that offers tendered after April 22 likely won't close with the sale to Cactus Creek Apartments LLC.
- If you have land use questions about these parcels, these resources may be helpful
- Sweetwater Zoning Map - shows zoning class by tract.
- Land Use - shows permitted uses in different zoning classes.
Links below are to the pending listings that are to be sold by the Hantman Trust. There is no link below for The Village Apartments, but information about this property can be seen through this link.
You can submit individual offers or a package offer. If more than one property is selected with your offer, it will be assumed that the price you tender is for a package offer.