Short Sale / House with 100' private beach on Lake Michigan

[Buddy Chou]

I'm currently involved in the disposition of a unique property in the Milwaukee area—situated directly on Lake Michigan with 100 feet of private beach frontage. The lender is open to a short sale at $400,000, though the current mortgage balance is $525,000.

That said, the owner’s preferred solution is to have a private investor or entity purchase the existing mortgage (which I can help facilitate). The loan would then be restructured at a mutually agreed higher principal, with the owner making monthly payments based on that amount. The note would come due in five years.

This timeline allows the owner to complete unfinished construction and reorganize finances. Once completed, the improvements are expected to significantly increase the property's market value.

If you're interested, please message

. Principals only—no wholesalers. A Mutual Disclosure Agreement (MDA) must be signed prior to sharing further details.