NPN in Retail Building & NPN Office Building Notes

Here's what I have The Murietta is a retail building the Cardiff is an office building and the San Diego is also an office building.
 
Property Information
Property State: CA
Property City: Cardiff
Property Type: Commercial
Owner Occupied: N
Date of Sale: 2008-11-25
Sales Price: $194000
Property Value: $2985000
Property Value Established By: Appraisal
Any Other Liens?: N
Down Payment: 
Loan to Value: 65.0
Note Information
Position of Note: 1st
Original Amount: $2985000
Note Balance: $1906848.09
Interest Rate: 7.0%
Payment Amount: $14152.00
Date of 1st Payment: 2008-12-25
Payments Made: Monthly
Original Length: 10 year (120 month) 
No. of Payments Made: 15
No. of Payments Remaining: 105
Day of the Month Payments Due: 1
Are the Payments on Time: Y
Balloon Payment Amount: $1554527
Balloon Payment Due Date: 2018-11-24
Other Information
Are You Personally Receiving Payments On This Note? N
Payors Credit: 700 Above
What Does the Payor Do For a Living: Investor
Additional Information: Cardiff- 10 year (120 month) refinance of a Wells Fargo loan so I don’t know purchase date or original downpayment either. Note date is 11/25/08, 1st payment was 12/25/08 and the due date was changed to the 15th with the next due date 5/15/10 so 15 payments made with 105 remaining. Original loan amount was $1,940,000 and the current balance is $1,906,848.09 (listed it wrong on the site). Have appraisal. Reason for selling: reportable due to small loss and low DCR 
 
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Property Information
Property State: CA
Property City: San Diego
Property Type: Commercial
Owner Occupied: N
Date of Sale: 2007-02-01
Sales Price: $3457310
Property Value: $4200000
Property Value Established By: Appraisal
Any Other Liens?: Y
Down Payment: 
Loan to Value: 81.9
Note Information
Position of Note: 1st
Original Amount: $3323000
Note Balance: $3457310
Interest Rate: 8.0%
Payment Amount: $27485.00
Date of 1st Payment: 2007-03-01
Payments Made: Monthly
Original Length: 7 year (84 months)
No. of Payments Made: 39
No. of Payments Remaining: 45
Day of the Month Payments Due: 1
Are the Payments on Time: Y
Balloon Payment Amount: $2989300
Balloon Payment Due Date: 2014-01-31
Other Information
Are You Personally Receiving Payments On This Note? N
Payors Credit: 700 Above
What Does the Payor Do For a Living: Investor
Additional Information: El Cajon- Purchased in 1997. We were just a 7 year (84 months) refinance 2/1/07 so don’t know down payment. Our original loan amount was $3,323,000 but the property also secures a $250,000 business line of credit. First payment was made 3/1/07 and each month thereafter next due 6/1/10 so 39 payments made and 45 remaining. Appraisal ready also.  Down payment $139,000.00 amount
 
Property Information
Property State: CA
Property City: Marietta
Property Type: Commercial
Owner Occupied: N
Date of Sale: 2008-11-29
Sales Price: $1240000
Property Value: $1940000
Property Value Established By: Appraisal
Any Other Liens?: N
Down Payment: 
Loan to Value: 63.9
Note Information
Position of Note: 1st
Original Amount: $1261000
Note Balance: $1240000
Interest Rate: 7.0%
Payment Amount: $9829.00
Date of 1st Payment: 2008-11-29
Payments Made: Monthly
Original Length: 10 year/120month loan
No. of Payments Made: 16
No. of Payments Remaining: 104
Day of the Month Payments Due: 1
Are the Payments on Time: Y
Balloon Payment Amount: $1077176
Balloon Payment Due Date: 2017-10-10
Other Information
Are You Personally Receiving Payments On This Note? N
Payers Credit: 700 Above
What Does the Payer Do For a Living: Investor
Additional Information: Murietta- Borrower purchased land in 2003 and had an $11.4MM construction loan with ING for 10 buildings in the development. At project completion we refinanced this single building (that had a great tenant) for $1,261,000 with the first payment due 11/29/08. They made 12 payments on time until they lost the rental income and asked us for temporary payment reductions. Then made another 4 payments, 1 regularly scheduled and 3 reduced. There are 9 reduced payments left, then 95 regular payments remaining (10 year/120month loan). Also have appraisal.  Downpayment confirmed buy seller $280,257.00. 
 
 
 
These are not seller financed notes. 
 
They are a bank and refinanced another bank loan used for the original purchase. Don’t have access to the original note but I sent you the details on the down payment."
 
The information from the seller below:
 
 
We are a community bank and underwrote and funded these loans.
 
Murietta- Borrower purchased land in 2003 and had an $11.4MM construction loan with ING for 10 buildings in the development. At project completion we refinanced this single building (that had a great tenant) for $1,261,000 with the first payment due 11/29/08. They made 12 payments on time until they lost the rental income and asked us for temporary payment reductions. Then made another 4 payments, 1 regularly scheduled and 3 reduced. There are 9 reduced payments left, then 95 regular payments remaining (10 year/120month loan).
 
El Cajon- Purchased in 1997. We were just a 7 year (84 months) refinance 2/1/07 so don’t know down payment. Our original loan amount was $3,323,000 but the property also secures a $250,000 business line of credit. First payment was made 3/1/07 and each month thereafter next due 6/1/10 so 39 payments made and 45 remaining.
 
Cardiff- 10 year (120 month) refinance of a Wells Fargo loan so I don’t know purchase date or original downpayment either. Note date is 11/25/08, 1st payment was 12/25/08 and the due date was changed to the 15th with the next due date 5/15/10 so 15 payments made with 105 remaining. Original loan amount was $1,940,000 and the current balance is $1,906,848.09 (listed it wrong on the site).
 
If interested contact me and I will forward you the  contact information from the Realtor Broker

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Ray Acevedo

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