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IREEX Agents have been
trained and authorized to use the ATS Co-operative System.
The ATS Co-operative
provides a unique financial/credit service
to
owners of real estate with a specific need:
Selling a property they want to
part with,
and acquiring a property they
want.
Scenario:
A property Owner has an
asset with an established value but limited marketability,
such as free and clear land. Presently, there is little
or no market for it, nor can it be used as security for a
bank loan. It can be considered “stagnant equity” and
provides no benefit, at this time, to its Owner.
Problem:
The Owner would like to make
some use of this asset, such as activate the equity to
acquire other real estate, but can’t do it until the
property is sold.
Solution:
The ATS Co-operative
provides a method to activate a portion of the equity and
convert it into a secure, regulated and transferable form
of private money, a trade credit, which can be used, as
payment, to conduct business. The ATS Co-operative issues
an equity line of credit against a "minority" interest in
the land. The equity line of credit is established and
made available to the Owner. An ATS Co-operative
affiliated broker assists the Owner in finding
opportunities to place the trade credits into a desired
property.
Benefits:
One, the Owner can
now offer his property on a part-cash, part-trade credit
basis which allows people interested in the land to
purchase it using equity they own in other real estate to
pay for a large portion of his property and;
Two, the Owner can
move into a desired property using equity in the land for
a large portion of the purchase.
Safety, Accountability
and Transparency:
The assets are placed with a
qualified, licensed and bonded Fiduciary and the issue of
the trade credits is strictly controlled and monitored by
the Co-operative
Section 1031
– Tax Deferred Exchanges:
The ATS Co-operative
provides a credit source that greatly facilitates 1031
exchanges. The ATS currency is accepted by Qualified
Intermediaries as part of the consideration in every type
of 1031 exchange.
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