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TITLE:
550000 FIRST TD LOW LTV HI YIELD
TYPE:
To be created
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CONTROL:
Owner
PRICE:
$550,000
FACE VALUE:
$550,000
BALANCE OWING:
$550,000
MONTHLY PAYMENT:
$5,500
ANNUAL PAYMENT:
$66,000
INTEREST RATE:
11.50%
ORIGINATION DATE OF NOTE:
Apr 15, 2024
MATURITY DATE OF NOTE:
Apr 15, 2026
HAVE:
TO BE CREATED NEW FIRST TD AT 41% LTV (550/1350). WELL ESTABLISHED 8 UNIT MOTEL (PKG IN BOOK) ON THE MARKET. APPRSL $1.35 DATED 6/2023
CAN ADD:
850K EQUITY IN THE SECURING PROPERTY. OTHER PACKAGES IN THE BOOK. PAPER, CASH, ABILITY TO CRANK
REMARKS:
MAY CONSIDER MAJORITY IN CASH And BALANCE IN OTHER PAPER OR EQUITY. ASK FOR BACK UP PKG, APPRAISAL
AND DEFACTO GUARANTEE
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Building
LOCATION:
Joshua Tree, California
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Deed of Trust
PERSONAL GUARANTEE?
No
COLLATERAL VALUE:
$1,350,000
COLLATERAL ANNUAL EXPENSES:
$163,000
COLLATERAL NOI:
$78,000
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange,
California,
92869
