The ExStra Last Look Guarantee
We at ExStra feel strongly that our combination of experience, expertise, state-of-the-art processes and commitment to service simply cannot be matched by any other reverse exchange accommodator in the industry.
We also know that we still have to compete. We are often compared to other accommodators who offer their services in exchange for rock-bottom fees. We often choose to compete but prefer to do so on something resembling a level-playing field.
We will, therefore, make the following guarantee: if you give us the “last look” and we agree to match the price, we’ll provide more value for your money than any competing accommodator.
In order for this to work, you’ll have to agree that:
- The idea of the “last look” includes an informal agreement that if you give us a chance to look at what has been proposed by a competitor and we elect to match the price and give you a written statement of the added value we provide, then we have earned your business at that time.
- The information on the competing offer must be in writing or available publically. We routinely issue written proposals describing our processes and fees and our competitors should too.
- There are various ways that we can provide more value to you as an Exchangor. We’ll look at your situation and develop an optimal strategy that may include:
- Customized, fully bankruptcy remote operating agreements for local EAT formation
- Inclusion of multiple assets, old or new
- Introduction of a partner that makes one or more of the ancillary aspects of the exchange easier or less risky
- Specific provisions that reduce the likelihood of taxable events in case your exchange fails
- Execution assurance provisions
- Provide a strategy and reduced cost for extending the exchange beyond 180 days if necessary
We are dedicated and enthusiastic about reverse exchanges and don’t want to lose a client to any competitor. Give us a chance to prove to you that our considerable investments in our processes and capabilities will pay dividends for you too.