NCE National Council of Exchangors
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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
 
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