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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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