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1183901 Final Executed Settlement Statement.pdf

Pinconning Partners LLC Petitioner Vs. Township Of Pinconning Respondent · 26-000635-TT

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Page 1

Settlement Statement Page 1 of 2

Print Date: 09/08/2023, 12:55 PM 

 

 

First American Title Insurance Company 

National Commercial Services 

666 Third Avenue, 5th Floor • New York, NY 10017 

 

Office Phone:(800)437-1234 Office Fax:(212)922-0881 

 

Final Settlement Statement 

 

 

File No: 

3020-1183901 

Escrow Officer: 

Jamie Lipman/EJ 

Settlement Date: 

09/08/2023 

Disbursement Date: 

09/08/2023 

 

Property: 

401 East 5th Street, Pinconning, MI 48650 

 

 

Buyer: 

Pinconning Partners LLC 

 

 

Seller: 

Corporate Property Associates 6 

 

 

 

 

 

Buyer Charge 

Buyer Credit 

Description 

Seller Charge 

Seller Credit 

 

Consideration 

 

 

630,000.00 

 Total Consideration 

 

630,000.00 

 

 

 

 

 

 Deposits In Escrow 

 

 

606,895.02 Receipt No. 2314158545 on 09/08/2023 

 

 

63,000.00 Receipt No. 2314158129 on 08/10/2023 

 

 

 

 

 

 

 Adjustments 

 

49,766.50 

 Summer 2023 Taxes 

 

49,766.50 

11,476.93 

 Winter 2022 Taxes 

 

11,476.93 

 

 

 

 

 

 Title/Escrow Charges 

 

750.00 

 Closing-Coordination Fee to First American Title Insurance 

Company 

750.00 

750.00 

 Closing-Escrow Fee to First American Title Insurance 

Company National Commercial Services 

750.00 

150.00 

 Recording Service Fee to First American Title Insurance 

Company National Commercial Services 

 

400.00 

 Search and Exam to First American Title Insurance Company 

National Commercial Services 

400.00 

 

 Policy (O) -($630,000.00) to First American Title Insurance 

Company National Commercial Services 

2,250.00 

0.00 

 Endorsement (O) -ALTA 39 to First American Title Insurance 

Company National Commercial Services 

 

550.00 

 Estimated Recording Fees 

 

 

 Transfer Tax - State -($630,000.00) 

4,725.00 

 

 Transfer Tax - County -($630,000.00) 

693.00 

 

 

 

 

 

 Disbursements Paid 

 

 

 Miscellaneous Disbursement 

 

 

 Ten-X Transaction Fee (Inv. 36R234J2) to Ten-X 

30,000.00 

 

 Commission (Inv. 1790-275225) to Colliers International 

Detroit, LLC 

30,000.00 

 

 Legal Fees (Inv. 23-9-1) to Hugo P. Solis Law Firm 

11,000.00

Page 2

Final Settlement Statement 

 

Settlement Date: 

09/08/2023 

File No: 

3020-1183901 

Officer: 

Jamie Lipman/EJ 

 

 

 

Settlement Statement Page 2 of 2

Print Date: 09/08/2023, 12:55 PM 

 

Buyer Charge 

Buyer Credit 

Description 

Seller Charge 

Seller Credit 

 

 Fees Due (Inv. 86114906166) to CSC 

72.00 

 

 

 

 

 

23,948.41 Cash (X From) ( To) Buyer 

 

 

 

Cash (X To) ( From) Seller 

610,603.43 

 

 

 

 

 

693,843.43 

693,843.43 

Totals 

691,243.43 

691,243.43 

 

 

See Attached Signatures

Page 3

DocuSign Envelope ID: 07C20981-937F-459D-AC2E-132A31E1E577 

Final Settlement Statement 

Settlement Date: 

09/08/2023 

Officer: 

Jamie Lipman/EJ 

BUYER(S): 

Pinconning Partners LLC, an Ohio limited liability company 

DocuSigned by: 

gy: | J Matt Stepluns 

86A1D1446CE6407. 

Matthew Stephens 

Name: 

Title: 

authorized agent 

File No: 

3020-1183901

Page 4

CORPORATE PROPERTY ASSOCIATES 

6 — A CALIFORNIA LIMITED PARTNERSHIP, 

A California limited partnership 

By: CAREY MANAGEMENT LLC, 

a Delaware limited liability company, 

its general partner 

By: Carey REIT II, Inc., 

a Maryland corporation, its sole member 

By: f= vi_ 

Name: Marina Folz 

Title: 

Vice President 

Signature Page to Closing Statement

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