Note for sale: $151k @6% - 15 years ($78k Interest) - Asheville
1. Property is located in 28806 (West Asheville), which is a hot market in Asheville, NC. Tax valule - $185k. Worth over $200.
2. Tenant got into a lease purchase contract 4 years ago by paying into current Owner's mortgage. Has paid $50k so far plus all expenses.
3. Owner has some family issues and would like to move on with the property. Tenant needs $151k loan.
4. About tenant: born and raised in Asheville, is a respected local law enforcement officer. Wife of 20+ years, also local works at Mission hospital.
5. Options: Tenant needs someone to hold a note for them / get them into a mortgage, but is open to basically any solution--long term, short term, creative, etc.. Would like to get in the 10-15 year range. An example could be as follows:
$151,000 loan @ 6% - 15 years (180 payments) - $229,360.29 Total Paid - $78,360.29 Interest Paid
Thx!