$1.2M–$1.5M via Promissory Note (3rd Position) – $3.6M Harlem Brownstone

[Arron Hoyte]

I’m presenting a unique opportunity for a private investor to place $1.2M–$1.5M via secured promissory note on a Harlem multi-family brownstone with a recent appraisal of $3.5M–$3.7M and only $1.05M in existing debt (1st + HELOC).

We’re seeking a balloon note structure with no monthly payments—interest and principal to be paid in full at time of sale, offering significant upside for patient capital.

🔑 Deal Highlights:

• Appraised Value: $3.5M–$3.7M

• Existing Liens: ~$1.05M

• Equity Cushion: $2.5M+

• Requested Capital: $1.2M–$1.5M

• Structure: Promissory Note (3rd lien or 2nd if HELOC is paid off)

• Term: 15-year balloon with optional extensions up to 25 years

• No Monthly Payments: Interest accrues and is paid at sale or maturity

• Hold Timeline: Flexible sale timeline (15–30 years)

• Use of Funds: Refinance existing HELOC, property upgrades, liquidity

• Ownership: Owner-occupied; title is clean

• Exit Strategy: Sale in 15–30 years or sooner, paid in full from proceeds

Why It’s Attractive:

• Strong margin of safety for lender

• No monthly servicing burden

• NYC real estate with appreciation runway

• Can offer interest accrual + equity kicker depending on investor preferences

• All documentation ready: Appraisal, title report, lien breakdown, draft note

As deal facilitator, I’m due a 2% fee at closing and will ensure clean execution. We're looking to close quickly—within 7–10 business days.

Let me know if you’re interested in reviewing the documents or scheduling a quick call.

Best regards,
Arron Hoyte