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TITLE:
$100K 12% NOTE SECURED BY 7 CABINS IN WOODLAND PARK CO
TYPE:
To be created
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CONTROL:
Owner
PRICE:
$100,000
FACE VALUE:
$100,000
BALANCE OWING:
$100,000
MONTHLY PAYMENT:
$1,000
ANNUAL PAYMENT:
$12,000
INTEREST RATE:
12.00%
ORIGINATION DATE OF NOTE:
Nov 1, 2024
MATURITY DATE OF NOTE:
Nov 1, 2027
HAVE:
Second position $100K 12% note secured by seven cabins on 4 acres in Woodland Park CO.
CAN ADD:
Notes, land, income properties, cash.
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Other
LOCATION:
Woodland Park, Colorado
RECORDED LIEN POSITION:
2nd
SENIOR DEBT AMOUNT:
$650,000
INSTRUMENT OF SECURITY:
Mortgage
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$850,000
COLLATERAL ANNUAL EXPENSES:
$5,600
COLLATERAL NOI:
$69,200
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs,
Colorado,
80829
