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Buyers, heres a great deal on a BEAUTIFUL MF in Oakland
Loan balance 886,000
Taxes are current
Value is about 1.3m
Rents are about 950 per unit
The note owner is an investor who used to own properties in Oakland and doesn't have the appetite to be a landlord again. So, he is interested in selling this before the sale date. He told the borrower to do a short sale, but borrower refused. The borrower had put in alot of money to purchase and fixed things in the past few years and is refusing to sell.
Note Seller will sell at about 20% off UPB. If the seller figures a way to refi or sell before the sale date = a very healty quick return.
SALE DATE IS 10/20
BUYERS OR DIRECT REPS ONLY PLEASE, THX...