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TITLE:
121679 Second TD LOW CLTV
TYPE:
Existing
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CONTROL:
Owner
PRICE:
$121,679
FACE VALUE:
$121,679
BALANCE OWING:
$121,679
MONTHLY PAYMENT:
$5,833
ANNUAL PAYMENT:
$69,996
INTEREST RATE:
12.00%
ORIGINATION DATE OF NOTE:
Dec 19, 2024
MATURITY DATE OF NOTE:
Aug 1, 2027
HAVE:
well secured 2nd TD on commercial marijuana cultivation farm with all licenses and permits and 5 yr operating history
CAN ADD:
cash , JT Motel, TWO NNN leased props, $275,000 other paper, large fixer Riverside Ca, all in book
REMARKS:
property appraised $350,000 9/2023. current owner exercised option to purch. had been paying $12.5/mo NNN
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Other
LOCATION:
carlotta, California
RECORDED LIEN POSITION:
2nd
SENIOR DEBT AMOUNT:
$50,000
INSTRUMENT OF SECURITY:
Deed of Trust
PERSONAL GUARANTEE?
No
COLLATERAL VALUE:
$350,000
COLLATERAL ANNUAL EXPENSES:
$50,000
COLLATERAL NOI:
$300,000
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange,
California,
92869
