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TITLE:
$750K NOTE SECURED BY WOODLAND PARK CABINS
TYPE:
To be created
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CONTROL:
Owner
PRICE:
$750,000
FACE VALUE:
$750,000
BALANCE OWING:
$0
MONTHLY PAYMENT:
$3,750
ANNUAL PAYMENT:
$45,000
INTEREST RATE:
6.00%
ORIGINATION DATE OF NOTE:
Mar 1, 2025
MATURITY DATE OF NOTE:
Mar 1, 2030
HAVE:
First Note secured by 7 Cabins on 4 Acres in Woodland Park, Colorado.
CAN ADD:
Notes and Property.
REMARKS:
Could be a sale/leaseback/buyback structure to accommodate 1031 $.
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Building
LOCATION:
Woodland Park, Colorado
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Mortgage
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$900,000
COLLATERAL ANNUAL EXPENSES:
$12,000
COLLATERAL NOI:
$52,000
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs,
Colorado,
80829
