Hi Chris, thanks for your inquiry. This is a land development note for a high-end housing development project. The note seller purchased and help prepare the land for the end developer/note payor. The agreement is that the end developer will pay off the note when the houses are sold, 2-5 years. The end developer is well established and very successful. Please contact me directly to discuss details.
Thanks,
Trevor Wilson
dlabs@mac.com
If the note is located in the Western US, we have a client interested in purchasing it. Our investor is specifically looking for a residential land investment.
Please contact me if appropriate.
Erich Beringer
President
Southbridge Capital, Inc.
858-771-0766
erich@southbridgecapital.com