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$83,000.00

1 ST POSITION NOTE- TROUT LAKE, MI

  • Unpaid Principal Balance: 140,166
  • Est. Property Value: 180,000
  • Property Valuation Date: 11/1/2016
  • Address: Register Here
  • Property City: TROUT LAKE
  • State: Michigan
  • Property Zip Code: 49793
  • Original Balance: 145,000
  • Balloon Pmt: No
  • Amortization: 10
  • Note Payment: 1,210.00
  • Last Payment Amount: 1,210
  • Last Payment Date: 10/1/2017
  • Origination Date: 11/1/2016
  • Maturity Date: 6/1/2027
  • Note Position: 1st
  • Owner Occupied Property: No
  • Property Type: Commercial
  • Building Sq. Ft.: 17,625
  • Lot Sq. Ft.: 11.2 Acres
  • Listed: September 19, 2017 7:38 am
  • Expires: 59 days, 7 hours
1 ST POSITION NOTE- TROUT LAKE, MI

Description

This is a 1st position land contract on a motel, excellent payor credit score, solid down payment of 35K. 1st year yield-on-investment is 17%. Seller is motivated and is accepting a very reasonable discount asking 83K. The hotel is in rehab at this time and should be operational by December of this year.

Ad Reference ID: 73759c128cdc88e9

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