All Forum Posts by: Andy Strott
Andy Strott has started 3 posts and replied 3 times.
Post: Industrial Property Mortgage NPL
- Rental Property Investor
- New York, NY
- Posts 4
- Votes 0
Investment Info:
Industrial note investment investment.
Purchase price: $3,000,000
Four sub-performing loans with a total UPB of $3.93MM
Secured by a 150,000 s.f. manufacturing facility in Charlotte, NC and all business assets of the borrower.
Total Loan Balance: $3,930,921
Asset Class: Whole loan Coupon: 4.980%
Lien Position: First Maturity: 2022-12-07 LTV: 32.5%
100% of the loans are first lien. The majority of the loans have personal guarantees. Total collateral
value exceeds $12 million. We expect to acquire the pool for approximately $2.95 million. Deadline June 25th.
What was the outcome?
ongoing
Post: Industrial Property Mortgage NPL
- Rental Property Investor
- New York, NY
- Posts 4
- Votes 0
Investment Info:
Industrial note investment investment.
Purchase price: $3,000,000
Four sub-performing loans with a total UPB of $3.93MM
Secured by a 150,000 s.f. manufacturing facility in Charlotte, NC and all business assets of the borrower.
Total Loan Balance: $3,930,921
Asset Class: Whole loan Coupon: 4.980%
Lien Position: First Maturity: 2022-12-07 LTV: 32.5%
100% of the loans are first lien. The majority of the loans have personal guarantees. Total collateral
value exceeds $12 million. We expect to acquire the pool for approximately $2.95 million. Deadline June 25th.
What was the outcome?
ongoing
Post: Industrial Property Mortgage NPL
- Rental Property Investor
- New York, NY
- Posts 4
- Votes 0
Investment Info:
Industrial note investment investment.
Purchase price: $3,000,000
Four sub-performing loans with a total UPB of $3.93MM
Secured by a 150,000 s.f. manufacturing facility in Charlotte, NC and all business assets of the borrower.
Total Loan Balance: $3,930,921
Asset Class: Whole loan Coupon: 4.980%
Lien Position: First Maturity: 2022-12-07 LTV: 32.5%
100% of the loans are first lien. The majority of the loans have personal guarantees. Total collateral
value exceeds $12 million.We expect to acquire the pool for approximately $2.95 million. Deadline June 25th.
What was the outcome?
ongoing