When negotiating any Boulder, Colorado commercial real estate deal, forming a strong partnership with an owner is one of the most important steps to success. Generally, there are three types of partnerships: general partnership, limited partnership and limited liability partnership. In a general partnership, both partners are liable for all responsibilities. Therefore, their actions are bound together because both partners (owners) share business loss and profits. In a limited partnership at least one partner's liability extends beyond the original investment. This limits the liability to the amount of money invested so the partners are liable only to the extent of investment. The third type of partnership is a limited liability partnership, in which case all partners have limited liability. In other words, one partner is not responsible for the other's business loss as a result of any potential negligence or misconduct. Building a formal partnership provides a foundation to help avoid confusion when the actual deal is arranged. If all partners know their role, discrepancy can be avoided and all parties may move forward productively.
The vehicle for ownership of the West End Plaza was a general partnership. The choice of this method of ownership committed all partners to the project and provided an advantage to the lender- more security for the loan. With this increase in security, the lender was willing to provide “better than market” in preferred loan terms and conditions. Bittner Commercial Advisors negotiated all details for acceptance by partners and capital account balance. In addition, they negotiated land acquisition, worked with the City Planning Committee, neighbors and City Council to obtain the permit for the five story building. When conflict arose and decisions grew more difficult, Bittner Commercial Advisors fulfilled their role and solved these issues. Investing with Bittner Commercial Advisors in Boulder, Colorado commercial real estate means investing with a company that knows how to form enduring and solid partnerships.

Michael Bittner, owner of Bittner Commercial Advisors, Inc. has earned an outstanding reputation as an investment partner to some of Boulder's most successful Commercial Real Estate companies. His professional experience of over twenty years in Boulder, Colorado Commercial Real Estate transactions affords you an easy way to invest and hold Commercial Real Estate as a productive part of your investment portfolio.