--000000000000fee1460639e53583 Content-Type: multipart/alternative; boundary="000000000000fee1450639e53582" --000000000000fee1450639e53582 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Let's proceed with the buyout. On Thu, Jul 10, 2025 at 5:59=E2=80=AFAM Timothy Thomas wrot= e: > Thoughts on this rent buyout vs sublet in Chicago (our second office in > Deerfield)? It would be painful but perhaps in our best interest for futu= re > profitability. > > It's been on the market for years. > > > ---------- Forwarded message --------- > From: Madonna Borger > Date: Wed, Jul 9, 2025 at 5:22=E2=80=AFPM > Subject: Fwd: FW: Revolution Mortgage - 570 LC - updated numbers as of 7.= 9 > To: Timothy Thomas > > > Tim > Please take a look at the below. > The office in Deerfield we have found a subtenant however they only want > to pay $3740 for the space per month. So we can let them sublet it and p= ay > the remaining amount per month or we can pay the lease out and the landlo= rd > will directly lease with the new tenant. > Attached is the analysis, please let me know what you think? If we need > to jump on a call let me know. > Thanks > > > > ---------- Forwarded message --------- > From: Joel Berger > Date: Wed, Jul 9, 2025 at 9:16=E2=80=AFAM > Subject: FW: Revolution Mortgage - 570 LC - updated numbers as of 7.9 > To: Madonna Borger > Cc: Stacy Ditka > > > Hi Madonna, > > > > I will call you shortly to discuss, but attached is the final analysis > sheet, based on the final offer from the broker below. > > > > As of 12/1/2025, your total remaining lease obligation (RLO) is $157,416 > > This new tenant would pay $74,800 in rent over these same months > > The only costs (excluding any legal fees for the paperwork) would be to > pay the tenant broker commissions, and the total for that would be $9,140= . > > If you add the rent shortfall for the Key (total rent owed minus the > sublease income) of $82,616 and the commissions of $9,140, then the TOTAL > BUY-OUT FOR THE KEY WOULD BE $91,757. > > > > This would save the key just under $66,000 in owed rent, or about 42% of > the total RLO. > > > > We would draft a simple termination agreement that the lease would end as > of 11/30/2025, in exchange for a payment of $91,757. > > > > If you don=E2=80=99t want to write a single check to terminate, we could = also have > you just sublease the space, and then pay the difference between your > current rent and sublease rent, which would be +/- $3,400 per month. > > > > The risk there is that if the new tenant defaults, or something else > happens where they stop paying rent, then you are still on the hook for t= he > full rent. > > > > I hope this all helps=F0=9F=98=8A > > > > Talk soon, > > > > *Joel M. Berger* > > Senior Managing Director > > > > *Bradford Allen Realty Services* > > 1900 Spring Road, Suite 502 > > Oak Brook, IL 60523 > > *T *630 225 2600 | *C* 312 231 2267 > > www.BradfordAllen.com > > > > > > > > > *From:* Lovem