- Non-Performing Note
- $1.3 million principal amount
- Seller carry
- Office building, Texas. (AAA Tenants with 3 year lease)
- Note maturity (May 2013)
- Offering Price - $1,170,000.00
- Property Value $1,800,000.00
- 6 month's yield maintenance
- Accrued interest due at maturity/Pay off
- Borrower; 800 FICO, Pays debts, Owns Multiple Income properties,10 yrs exp.
If the aforementioned note profile possess a structure that might suit your portfolio a complete offering circular can be forwarded to you upon request. Mortgage note investor needs to complete NCDS for offering circular review. Transaction completion resides successful submission, acceptance and review of LOI, POF, and LSA.