Letter of Intent to Purchase Commercial Property

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PURCHASE COMMERCIAL PROPERTY

Dear [Mr. Nelson Pelzer,]

The purpose of this letter is to set forth the terms and conditions for the purchase of the property located at [645 Aviation Way, Santa Ana, CA 92705]. It is understood that this letter only expresses our intentions to purchase the property and does not constitute a binding agreement. The following items outline the specifics of our offer:

Initial Deposit: [$50,000]
Closing Balance To Be Paid: [$400,000]
Realtor/Broker Commission: [$15,000]
Total: [$465,000]

Other Fees
Mortgage Loan Amount: [$25,000]
Mortgage Term (Years): [20]
Inspection Fees: [$550]

My client hopes to discuss further matters with you to work toward acceptable terms through a personal meeting. Should you be interested in the proposed discussion, you may email me at [joshua@astrattapg.com.]

Thank you for your time. Looking forward to doing business with you soon.

Regards,

[Joshua Bunch]
[Realtor, Astratta Property Group]
[Realtor License No.: 40901-90]