Once your site has been listed and your lease has been verified, your site will be sent out to infrastructure investors to make a bid. If interested, you will receive a formal letter of intent (LOI) with offer terms that will be sent to you for review and signature. When you’re ready to move forward, your LOI will be electronically signed and escrow will be opened.
During escrow, your Site Advisor will work with you to obtain any documents needed to complete the transfer. This may include proof of rent, tenant contacts, lender information, etc.
Once the transfer documents are complete, funds will be wired to escrow and the documents will be recorded. After escrow has closed, funds will typically be wired to your account within 24-48 hours.
If there is no mortgage on the property, an easement conversion can typically be completed within 14 days after all due diligence items are received.
If there is a mortgage on the property, lease restrictions or a fee simple real estate transaction, the escrow process will likely be between 30-90 days.