NCE National Council of Exchangors

Main Navigation

Package Detail
<< Back
National Council of Exchangors
CONTROL: Exclusive AMOUNT: $3,000,000
TITLE: CLIENT'S CHOICE: FIRST NOTE OR LAND LEASE?
 
TYPE: CASH PAPER
IF CASH: WILL PURCHASE WILL LEND
IF PAPER: CREATED SECURED CARRYBACK
 
REQUIREMENTS: Yield/Return Expectations:   3.67 %
  Loan-to-Value Ratio:   100.00 %
  Leverage:   100.00 %
 
GEOGRAPHIC
PERIMETERS: 		2650 Wheeler Ave, Colorado Springs
PROPERTY TYPE: High density multifamily ground
TERM LIMITS: 30 years
BENEFITS
SOUGHT/REMARKS: 		30 year paper accrues interest for 10 years at 3.0% and then goes to 4%, 20 year amortization. Can be a land lease or First Note. Note would be movable, Land lease would not. Terms can be adjusted for the right deal.
SEEKING TO
SOLVE: 		Management
Rehab
Financial
  Reconfiguration/Convertible Use
  Other     
 
COUNSELOR: Blake Allen, EMS
Allen Realty
108 Canon ave
Manitou Springs, CO 80829 		Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
Print
 

NCE makes no representation as to the accuracy or completeness of any of the property information packages, and NCE expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon, this information.

Content copyright 2012-. NCExchangors.com. All rights reserved.