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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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