The location of the wine tasting room is good, and the building is also very stylish. It is on a small hill, surrounded by piled stone landscapes. Facing the northeast of Napa Valley, you can see the mountains getting higher and higher...
The winery occupies a large area, and with some casual modifications, it should be no problem to produce 100,000 cases of wine annually.
Now, there are only two workers in the entire winery, responsible for the tasting room and maintaining the winery.
Coles is a willful person like Chen Mo, pursuing the ultimate perfection, but he is just an ordinary person, and his pursuit of ultimate perfection has paid a heavy price. Because the wine produced by the winery is not good, the wine produced by the vineyard is also affected.
Grape prices are also significantly lower than the average in the production area...
Then we headed to Coles Manor.
Coles Manor is on the St. Helena side, and the straight-line distance is only twelve or thirteen kilometers. However, to enter the manor, you have to take the main road, which takes a big detour, and it is almost twenty-three kilometers away.
Chen Mo only needs 45 million in mortgage funds, and the other 50 million is a credit loan. After all, he is also a big boss with a net worth of several hundred million dollars. It is not difficult to get a loan of 100 million.
The bank's asset appraisal staff made a simple assessment and valued Coles Manor at US$55 million and Coles Winery at US$18 million.
In other words, if you mortgage two properties, you can get a loan of US$73 million. This is the bank's valuation, which is similar to the tax bureau's valuation. But the purchase contract cannot be written like this...
"Mr. Coles, how about the price of the manor 45 million?" Chen Mo said.
Coles was stunned for a moment: "If you are willing to spend 50 million to buy my winery, of course there is no problem."
"ok."
Coles smiled: "When will the contract be signed?"
"Today, the contract is signed today and the title deed is transferred every day. If there is no problem, you can contact a lawyer and go directly to Wells Fargo Bank in San Francisco...The third-party guarantee company is also Wells Fargo Bank. How about that?"
With such a large amount of money, the other party is not a liar, right?
Coles looked at Cohen.
Cohen smiled slightly and handed over a business card: "Our bank will act as a third-party guarantee company. There is nothing safer than this. Contact your lawyer now and we will go to the bank together. By the way, we will also provide a guarantee for Mr. Chen Mo."
loan."
Cohen thought for a while, then called a lawyer friend he knew, called a team of five lawyers, and headed to San Francisco together.
It was getting dark when we arrived in San Francisco, and Cohen notified the bank to work overtime temporarily, driving out the loan contract overnight.
Because the collateral does not yet belong to Chen Mo, a bank guarantee agreement must be signed first. Chen Mo and Coles sign the purchase contract... In this way, Chen Mo nominally owns Coles Manor and Winery, and then signs a mortgage loan...
It takes several hours to draw up a contract.
Chen Mo ordered Tang Xia Yipin's Chinese takeout as a treat and stayed busy until after eleven o'clock in the evening: "Aren't you going to get more loans? For these two properties, I can lend you a loan of 90 million US dollars."
Coles turned around and looked over. Banks are all vampires. When looking for a bank loan, the loan amount must be higher than the mortgaged items, especially loans that use fixed assets as collateral.
Cohen smiled at Coles: "This must be accompanied by Mr. Chen Mo's personal credit. Mr. Chen Mo has the highest credit rating in our bank and holds our black card... In fact, he can directly swipe his card to buy your
Winery.”
This is indeed true, but credit card interest... If there is not that much money in the account, the overspending part... directly overspends by more than 80 million. Even the super rich with a net worth of several billions, I am afraid that few would dare to play like this.
"The interest rate of your bank is too high. If it is interest-free..." Chen Mo said with a smile.
Cohen spread his hands: "You are already the highest-level customer, and we provide the best loan."
"Personal credit loan is 50 million, mortgage loan is 45 million."
"The transaction process will also incur some fees..."
"I still have some money of my own."
Napa County has a property transaction tax of $3.50 per thousand dollars of value.
Land is also counted as real estate. There is no real estate certificate here, only the title deed...
For a property worth 95 million US dollars, the transaction tax is more than 3 million. If the buyer and seller do not clearly explain this amount in advance, the money will be shared equally between the buyer and seller...
Early the next morning, a group of people rushed to Napa County to transfer the title deed, split the transaction tax equally, and each paid US$1.6 million. After waiting for a few minutes, the US$95 million from the bank was withdrawn.
After arriving at Coles' account, a few more confirmation documents were finally signed, and the sales contract was officially completed, which was unusually fast.
Coles still had to pay the capital gains tax, and Chen Mo also handed over the work to the real estate agency and paid them. This transaction will definitely not be paid based on percentages, and they don't contribute much, so they will just follow the bill they gave.
The total payment is US$57,000, which is not too much. After all, it is a contract worth almost hundreds of millions of US dollars...
Coles' wife contacted the moving company in the morning.
By three o'clock in the afternoon, the house had been tidied up. Coles spent money to replace the home with new sofas, living room furniture, bedrooms and living rooms, including beds, Simmons, bedding, and wardrobes.
, dressing table, etc... Even the kitchen supplies have been replaced.
The house still has a faint smell of disinfectant and is kept clean. Chen Mo is very satisfied with this.
As for Coles Manor, only one room of such a large villa was furnished with furniture, and it was not often occupied, so it was not tidied up.
"These two are Statham and Oakfield, who are responsible for the daily maintenance of the winery and estate." This is the last handover work for Coles, and he will leave after that.
"Are you... willing to stay?" Chen Mo looked at the two of them. They were both young, in their early thirties, and they didn't look like hard-working pastoral workers at all.
The two looked at each other and said: "The workload at the winery is too heavy, we..."
Before the two of them finished speaking, Chen Mo waved his hand: "Okay, I understand what you two mean. The work in the winery is indeed hard, I hope you can find an easier job..."
The two of them were startled at the same time. They just wanted to take the opportunity to raise the price and did not want to lose their current jobs.
Chen Mo only bought the manor and winery, and there was no stipulation in the contract that he must accept the workers here.
Coles shook his head: "Yes, since you are unwilling to stay, I will give you a severance package."
"Thank you, Mr. Coles." If you have severance pay, just leave, so we can get together and relax.
Chen Mo looked at Coles. With such a character, it is no wonder that the winery is not running well. After the two of them packed up and left the winery, Chen Mo also drove to the mountaintop villa...
The hilltop villa covers an area of 931 square meters. It is also a modern style villa with a rectangular block structure.
The area is large and the villa design is relatively simple. Compared with the ultra-modern style villas in the manor, it is more than a grade lower...
The front yard is a slate yard of more than 100 square meters. There is a guardrail on the side of the yard. The guardrail goes to a steep hillside. The backyard is wrapped by the villa and has a rectangular outdoor swimming pool of over 100 square meters. The pool also goes to a steep slope and is densely forested... the privacy of the villa.
It's very nice, the hills are full of tall oak trees and shrubs.
The main building part of the villa is 47 meters long and is mainly built according to the mountain terrain. There is an indoor heated swimming pool, a luxurious jacuzzi, and a sauna...
The sauna, heated swimming pool, and jacuzzi are in the same area, with a bit of Japanese style. The next step out is the outdoor swimming pool.