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Overview
A group of out of state partner investors had owned the smaller rural MO nursing home for over a decade and engaged MIG to source a lease to purchase agreement with prospective tenants/buyers. They were looking to be more hands off and eventually retire from the nursing home business.
Results
MIG was able to execute on a lease to purchase deal structure a year or two back, but in the end, worked with another buyer who executed on the purchase option that was negotiated in the prior lease to purchase agreement. No lease payments were missed throughout the process.
Conclusion
MIG was able to capitalize on their strong local Missouri relationships to bring in another local MO buyer to the table that, in the end, was able to execute on the negotiated purchase option price.
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