SFR Note for sale in Peoria, IL
A friend who owns this note asked if I can help him find a buyer. If you're interested, I will introduce you directly.
This is 1st mortgage on a single family home located at 3420 W. Fremont St., Peoria, IL. The house sold in February for $54,000 with $10,000 down to an excellent buyer. The balance of the note is $42,968.27. Coupon is 7%. 70 month amortization with a Balloon on the balance due in 22 months. Will sell the note for $38,177, yeilding 15%. Quit claim deed and warrantee deed are in escrow, so if you had to take it back, there is no foreclosure headache. However, so far, the homeowner has paid early or on time.
Please email me at [email protected] if you have any interest and I'll introduce you to the note holder.