NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Owner AMOUNT: $1,555,000
TITLE: SELLER CARRYBACK NOTE
 
TYPE: CASH PAPER
IF CASH: WILL PURCHASE WILL LEND
IF PAPER: CREATED SECURED CARRYBACK
 
REQUIREMENTS: Yield/Return Expectations:   6.00 %
  Loan-to-Value Ratio:   56.00 %
  Leverage:   56.00 %
 
GEOGRAPHIC
PERIMETERS:
collateral in Manitou Springs, CO, will take property anywhere.
PROPERTY TYPE: residential income
TERM LIMITS: 8 years
BENEFITS
SOUGHT/REMARKS:
Seller carry back Note secured by 3 duplexes and a lot of land. Subject to masmterlease. Personal guarantees. I am a Buyer with this Note. $1.1MM debt is secured by Note, so I will borrow against the Note. Buyer put $1.225MM down on $2.78MM purchase.
SEEKING TO
SOLVE:
Management
Rehab
Financial
  Reconfiguration/Convertible Use
  Other     
 
COUNSELOR: Blake Allen, EMS, CCIM
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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