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TITLE:
Resort Area Upstate NY
TYPE:
To be created
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CONTROL:
Broker
PRICE:
$450,000
FACE VALUE:
$450,000
BALANCE OWING:
$450,000
MONTHLY PAYMENT:
$0
ANNUAL PAYMENT:
$0
INTEREST RATE:
0.00%
ORIGINATION DATE OF NOTE:
Jul 16, 2025
MATURITY DATE OF NOTE:
Jul 15, 2030
HAVE:
To Create Note or two notes with terms to be negotiated to merge benefits of parties.
CAN ADD:
ask -- what do you need.
REMARKS:
NNN lease in place on commercial and 5 cabins @ 1k/mo plus 8 RV spaces
$595000 is list price in NY market for property which is the collateral for the note(s).
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Building
LOCATION:
Upstate Resort area, New York
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Mortgage
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$595,000
COLLATERAL ANNUAL EXPENSES:
$1
COLLATERAL NOI:
$2
COUNSELOR:
Dan Sanders
BCPI / Spartan Realty
P.O. Box 2030
Del Mar,
California,
92014
