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TITLE:
$1mm Note < 75%CLTV - TBC
TYPE:
To be created
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2 Buildings
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CONTROL:
Broker
PRICE:
$1,000,000
FACE VALUE:
$1,000,000
BALANCE OWING:
$0
MONTHLY PAYMENT:
$5,000
ANNUAL PAYMENT:
$60,000
INTEREST RATE:
6.00%
ORIGINATION DATE OF NOTE:
Apr 22, 2024
MATURITY DATE OF NOTE:
Apr 28, 2034
HAVE:
2nd Note to be created on 3.6mm asset. Strong note holder position @less than 75%CLTV. Collateral is 100% occupied medical office w/strong tenants (Dept VA hospital, etc...)
CAN ADD:
Could pair note w/cash and signature for purchase up to $3mm.
REMARKS:
If you have cash or property you'd trade for this note, I'm interested.
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Building
LOCATION:
Lewiston, Idaho
RECORDED LIEN POSITION:
2nd
SENIOR DEBT AMOUNT:
$1,745,000
INSTRUMENT OF SECURITY:
Mortgage
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$3,602,057
COLLATERAL ANNUAL EXPENSES:
$163,489
COLLATERAL NOI:
$252,144
COUNSELOR:
Chris Watkins
Equity Real Estate - Advisors
Elk Ridge,
Utah,
84651
Cell: 801-477-7650
