Promissory Note Details

TITLE:
$1,555,000 SELLER CARRY FIRST NOTE
TYPE:
Existing
CONTROL:
Owner
PRICE:
$1,555,000
FACE VALUE:
$1,555,000
BALANCE OWING:
$1,555,000
MONTHLY PAYMENT:
$7,775
ANNUAL PAYMENT:
$93,300
INTEREST RATE:
6.00%
ORIGINATION DATE OF NOTE:
Jul 20, 2022
MATURITY DATE OF NOTE:
Jul 20, 2030
HAVE:
I am a Buyer with this note, or will sell the note for a small discount. I want to buy what you have with this Note. I would borrow against the note. I currently owe 1.1M on the note.
CAN ADD:
Lots of land, sale/leaseback/buyback deals, duplexes in Colorado Springs, all of my personal inventory.
REMARKS:
Secured by 3 Duplexes and 8 lots in Manitou Springs, CO. Collateral value $2,780,000
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Other
LOCATION:
Manitou Springs, Colorado
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Deed of Trust
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$2,780,000
COLLATERAL ANNUAL EXPENSES:
$25,525
COLLATERAL NOI:
$166,800
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
Phone: 719-685-0707
Cell: 719-684-4123