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TITLE:
PROMISSORY NOTE
TYPE:
Existing
FILE DOWNLOADS:
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CONTROL:
Owner
PRICE:
$371,000
FACE VALUE:
$371,000
BALANCE OWING:
$371,000
MONTHLY PAYMENT:
$3,816
ANNUAL PAYMENT:
$45,792
INTEREST RATE:
12.00%
ORIGINATION DATE OF NOTE:
Jul 1, 2013
MATURITY DATE OF NOTE:
Aug 31, 2024
HAVE:
Similar notes, secured by first trustee deed, to trade or hypothecate for an equity interest.
CAN ADD:
Real estate assets pledged under notes that can be made free & clear.
REMARKS:
A straight note may be used for a short term debt.
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Land
LOCATION:
Picayune, Mississippi
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Deed of Trust
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$871,000
COLLATERAL ANNUAL EXPENSES:
$2,200
COLLATERAL NOI:
$75,000
COUNSELOR:
Jonathan Pearson
S3 Capital LLC
1046 America Way
Del Mar,
California,
92014
