Non Performing Note Sale in California

[Lynne Spencer]

- NOTE SALE -

Defaulted Class B 10 Unit Retail/Office Space in Exclusive

Area in The Heart of the Coachella ValleySUMMARY

Class B 10 Unit Multi Tenant Retail/Office Building

Palm Desert Ca

21769 SF

 3 Connected Lots Totaling 1.01 Acre Lot

Built 1970

PROPERTY DETAILS

Property is a very clean single story retail/office building with great mix of tenants, plenty

of parking in front and rear with excellent street and sign visibility and lots of cars

passing by daily.  Property is located one block from large Westfield Mall and

in the area of lots of other shopping centers, restaurants and transportation

area and 20 minutes to Palm Springs Airport and a good 70 Walk Score . 

NOTE DETAILS

Loan Originated 12/2011

Interest Rate 5.25%

Loan Matures February 2022

NOD Filed May 2020

Back Taxes Owed over $20,000

Comps in area at $3.5MM +

CURRENT UNPAID BALANCE

2,189,000

 

If interested email or call.  

NOTE: Buyer to pay commissions to be negotiated at time

of offer and...

due to per diem unpaid balance subject to change.

[Freddie Smith]

   7/1/2022

 

Hi,

Do you currently have access to owner financed 

mortgage notes that are for sale?

I have a direct Buyer that would like to speak to you to discuss

pricing and possible purchase of your notes. 

Freddie R. Smith 

Smith & Associates

Email: [e-mail]