BiggerPockets

Looking For Serious Investors

Wednesday, November 17

A prestigious 41 story landmark building, in one of the most desirable locations in New York City

The developers are interested in a partner for a Joint Venture, who will invest $60 million for a 40-50% ownership in the project they are open to sell the building as well.

For More Detailed Information contact Cash 4 Your Mortgage a telephone conference can be setup if you are serious with the people in charge.

Large Commercial Nonperforming Note

Thursday, August 12

These two notes are nonperforming but the right buyer can see a goldmine this seller is very motivated.

Cash 4 Your Mortgage

 

NOTE 1

Orange Beach, Alabama
PROPERTY OFFERING 27,000 SF on 2.68 AC lot
YEAR BUILT 2008
TENANT Student Life, Inc.
TERM 10 years
LEASE COMMENCEMENT.May 15th  2009 
Student Life leases building from May 15th to August 15th
 
Tenant allowed 20 additional days throughout the year with 12 months prior written notice

OPTION TO TERMINATE After 5th year of occupancy with penalty of $480,000
GROSS LEASE RATE Years 1-5  $402,000
Years 6-10   $480,000
 

NOTE 2

Orange Beach, Alabama
PROPERTY OFFERING  90 units measuring 139,095 SF
within an 11-story, 190 unit condominium at “The Wharf” Resort

UNIT MIX:
3 one-bedrooms /50 two-bedrooms /35 three-bedrooms /2 four-bedrooms
YEAR BUILT 2007
AVERAGE REAL ESTATE TAXES $2,819.39 per unit
HOA AND CLUB DUES Average ±$723 per month includes ownership at The Armada Club
DEVELOPER EXISTING CONTRACTS $260.18 PSF, per unit
OUTSTANDING LOAN BALANCE $22,811,538
 

 

Note For Sale

Thursday, August 12

I receive notes drectly from a Lender if interested contact me.

1. Original Selling Price: $155,000.00
2. Down Payment: $10,000.00
3. Original Note Balance: $145,000.00
4. Months / Years Financed 30 years Interest Rate: 5.5%
5. Monthly Payment: $823.29
6. Balloon Yes or No, If yes Date 3/15/2020 Amount: $120,508.40
7. Date of First Payment: 3/15/10 Remaining Payments: 355
8. Current Balance: $144,199.
9. Owner Occupied: Yes
10. Underlying Balance Y or N - If yes, Amt: $80,000.00
11. Credit of Payer   X Fair
12. Property Type _X_Single Family Res
13.  X Contract for Deed
14. Title Policy  No

 

Where Are The Untapped Seller Financed Mortgage Notes?

Sunday, May 23

   I guess the county recorders office is the best location for untapped seller-financed notes. I've tried several mailing lists and other online postings which all seem to be wrung dry. I do love this business but i'm wondering if this business is in the Billions yearly where are  all these notes? Is it just restricted to those who have years upon years of experience, or maybe it's only for banks and insurance companies to enjoy?

Care less Investors Apply Here

Thursday, March 18

27M dollar deal fell through before an interested investor even looked at the NPN tape because there were 2 Brokers involved why?, maybe im bias because i'm an honest broker but that is plain stupidy. What does it matter if there are 5 or 10 brokers involved?

Once you decide how much you are willing to pay for NPN tapes viewed no amount of brokers can change your bottom-line offer.

Anyway I had to Vent

IN NEED OF:

Careless Investors who want to purchase NPN notes between 1M - 50M verified the Broker i'm in contact with is direct with the seller and their law firm who get these tapes all the time.

 

Also looking for Sellers of NPN notes.