Eric joined the staff of Wirt Financial & Leasing Services as a college associate in October of 2006. Eric now manages the Property Management Division of Wirt and oversees industrial, commercial, and retail developments for Wirt and its joint venture partners. Involved in real estate since he graduated high school, Eric brings a fresh prospective to the day to day operations of the business. A Saginaw native and Swan Valley High School graduate, Eric dual majored in Business Management and Marketing at Northwood University. He is eager to learn, willing to work hard, and extremely conscientious about his work. Eric's initiative and creativity are strong assets in our property management department.
Which Best Describes You? (Pick All That Apply)
What Do You Offer
100% Financing on Commercial Real Estate:
There are two options for you to choose from in the Equity Builder™ Program.
Overviews of both are provided below.
Option 1: Equity Builder™ with a Bank LoanYour bank approves and provides a real estate loan for 75-80% of the loan value. (banker establish amortization schedule)
Wirt forms an LLC with you and funds the balance of the loan for the down payment.
1. Wirt funds the total down payment for the loan.
2. No money down from the client.
3. Client can buy Wirt out any time after 36 months of the initial 10 year term.
(Based on dual MAI appraisals and mutual agreement)
Option 2: Equity Builder™ with a Joint Venture LLC
Wirt and client form a new LLC that owns the building and leases it to the client’s business for a fixed term, usually 10-12 years. At the end of the initial lease term, the LLC members own the building based on their sharing ratios in the LLC.
1. No money down from the client.
2. Client can buy Wirt out any time after 36 months of the initial 10-12 year term. (Based on dual appraisals and mutual agreement)
In addition to these options, Wirt can customize an ownership program for your specific needs. For example, land contracts can also be designed that allow you to enjoy the benefits of owning instead of renting.
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