Non Performing Note Investment Fund

2 Replies

Investment Info:

Single-family residence note investment investment.

Purchase price: $2,105,000
Cash invested: $2,105,000

Coastline Capital Fund 6, LLC raised $2,105,000 and closed to new investors onFebruary 22, 2021. The Fund purchased 11 first position, non-performing notes with $2,519,522 in Unpaid Principal Balance ("UPB")The properties that secure these notes are located in Illinois (5), New Jersey (3), and Florida (3).

@Rob Hayes Sorry, i didn't answer earlier! I didn't realize that this was going to turn into a post.

To answer your question: 

2 of the 11 have already liquidated

1 as a short sale in Skokie, IL

1 sold to a 3rd party at the sheriff's sale

Of the 9 remaining:

1 is an RE about to hit the market in Fairview Heights, IL

1 is a DIL in Park Ridge, IL

1 is waiting for confirmation of sale in Berwyn, IL

4 have upcoming sale dates (including 1 in Harvey, IL)

2 are pre judgment

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