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TITLE:
$200,000 2nd TD Stowe VT
TYPE:
Existing
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CONTROL:
Owner
PRICE:
$199,800
FACE VALUE:
$199,800
BALANCE OWING:
$199,800
MONTHLY PAYMENT:
$1,200
ANNUAL PAYMENT:
$14,400
INTEREST RATE:
6.00%
ORIGINATION DATE OF NOTE:
May 30, 2025
MATURITY DATE OF NOTE:
Jun 1, 2029
HAVE:
newly created $200,000 note and 2nd mortgage on a N/O/O condo in Stowe VT. Leased thru summer. Owner is a seasoned Air BNB operator
CAN ADD:
$50,000 to $100,000 cash. All other pkgs in book
REMARKS:
appraised May 2025: $641,000. First Mortgage: $203k @3.125%, $1651/mo
LTV: 31%; CLTV: 62.8%
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Home
LOCATION:
Stowe, Vermont
RECORDED LIEN POSITION:
2nd
SENIOR DEBT AMOUNT:
$203,000
INSTRUMENT OF SECURITY:
Mortgage
PERSONAL GUARANTEE?
No
COLLATERAL VALUE:
$641,000
COLLATERAL ANNUAL EXPENSES:
$10,000
COLLATERAL NOI:
$15,000
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange,
California,
92869
