$AXXA #UPDATE FIRST STAGE COMPLETED
#Frankfurt remains one of
#EXXE’s most advanced asset monetization projects and a key near-term liquidity catalyst within the Company’s
#platform.
To position the asset for
#refinancing, EXXE and its partners have completed substantial first-stage legal and structural execution, including title remediation, audit work, and legal actions involving non-performing counterparties.
Stage 1 represented approximately $150K in external legal and professional fees, alongside extensive internal M&A and legal execution.
Stage 2 is now being prepared and is expected to take approx 90 days to complete, subject to legal and financing timelines.
Upon completion, the refinancing stage is expected to generate $5M in gross liquidity, including approximately $3M designated for partners and investors.
Frankfurt is intended to serve as the first major
#liquidity conversion milestone across EXXE’s broader pipeline of
#RealEstate refinancing opportunities throughout
#Europe.
$AXXA
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