Promissory Note Details

TITLE:
1st Note on Strip Center - KS
TYPE:
To be created
CONTROL:
Broker
PRICE:
$2,000,000
FACE VALUE:
$2,000,000
BALANCE OWING:
$2,000,000
MONTHLY PAYMENT:
$13,199
ANNUAL PAYMENT:
$158,388
INTEREST RATE:
5.00%
ORIGINATION DATE OF NOTE:
Mar 1, 2026
MATURITY DATE OF NOTE:
Mar 1, 2046
HAVE:
Create a Note on Free & Clear Strip Center with great Cash Flow
CAN ADD:
Cash & Signature
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Building
LOCATION:
Fort Scott KS, Kansas
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Deed of Trust
PERSONAL GUARANTEE?
No
COLLATERAL VALUE:
$3,350,000
COLLATERAL ANNUAL EXPENSES:
$212,325
COLLATERAL NOI:
$273,385
COUNSELOR:
George Noor
Norkat Financial Inc.
330 Cessna Circle
Corona, California, 92878
Phone: 909-841-4545