Real Estate Investing › Investor Note Forms › Real Estate Notes and Land Contracts › Offer ID 317
Real Estate Notes and Land Contracts
The form below shows all Real Estate Notes and Land Contract investment opportunity. You as an investor can make offers to purchase these investments and add them to your portfolio. Remember you are making an offer to the holder of the investment. Once you decide to make an offer we will then present it to the seller to see if they accept your offer. Contact us to submit offer in writing. Please place the offer ID in your submission.
| Face Value of Note |
400,000
($ Amount at Creation) |
Real Estate Note Balance |
400,000 |
| Original Sale Date |
6/23/08 |
|
|
| Interest Rate |
16 % |
Payment Amount |
5,333.33 IO |
| Payments Made |
Monthly |
Date 1st Payment Made |
7/23/08 |
| # Payments Made |
1 |
# Payments Remain |
11 |
| Next Due Date |
8/23/08 |
Last Payment Made |
7/23/08 |
| Real Estate Note Status |
Current |
|
|
| Balloon Payment |
Yes |
Balloon Amount |
400,000 |
| Date Balloon Due |
6/23/09 |
Position of Real Estate Note |
2 nd |
| 1st Remaining Balance |
2,600,000 |
2nd Remaining Balance |
400,000 |
| Payments Made on 2nd |
Monthly |
Date Payment Made on 2nd |
7/23/08 |
| # Payments Made on 2nd |
1 |
# Payments Remain on 2nd |
11 |
| Payer's Credit Score |
B/670 |
Value of Real Estate |
500,000 |
| Owner Occupied |
No |
Sales Date of Real Estate |
na |
| Real Estate Sales Price |
500,000 |
Real Estate Down Payment |
na |
| Loan to Value |
68 % Loan divided by Property Value |
Asking Price for Real Estate Note |
400,000 |
| Type of Note |
SFR-Rental |
If Other, Specify |
being built for sale. |
| I have a copy of the following and can make copies available by: |
E-Mail |
|
|
| Type of Security |
Deed of Trust |
If Other, Specify |
2 properties, stock, and Trust fund distribution |
| Copy of Estate Note |
Yes |
Closing Statement |
Yes |
| Proof of Hazard Insurance |
Yes |
Photo of Real Estate |
Yes |
| Payer's Credit Report |
Yes |
Recent Appraisal |
Yes |
| Street Address |
(register as an Investor) |
Real Estate / Property City |
Kailua |
| State |
Hawaii |
Zip Code |
96734 |
| You are a/an |
Note Holder |
If Other, Specify |
|
| Your First Name |
Michael |
Your Last Name |
(register as an Investor) |
| Day Phone Number |
619-339-2018 |
Evening Phone Number |
(register as an Investor) |
| Fax |
(register as an Investor) |
Your E-Mail Address |
(register as an Investor) |
| Referred By |
(register as an Investor) |
How Much Do You Need? |
400,000 minus prepay month that are left (about 4.5 as of 6/29/08) |
| How fast do you need it? |
ASAP |
Recourse |
Yes |
| Added information about your Real Estate Note. IE. Explain why you are selling this note. |
This is a second TD, following a first TD of 2.6 million on a almost completed home in the prestegious neighborhood of Lanakai Hills on Oaho. I have an unexpected short sale on one of my units it will go through easier if I pay down the note. I don't need to sell, but I'm willing for someone to take over my position on the note for an incredible 16% interest on a AAA property with 180 degree view of HA ocean. We have s second HA $5.9 Million Oceanfront property as collateral as well, along with borrowers stock in a company on a borrower with good credit and they personally signed. You would short fund the remaining 4.5 month (depending on when you fund) of the prepay and months 7-12 are already siting in reserve for disbursement. The LTV may drop to 58% LTV when an expected trust fund distribution pays down the note scheduled in Sept. If they don't perform with the paydown, they are in default, as per the note. This note is half of a 800K note thast I own. Thank you. |
Consider Selling Partial? |
Yes |
|
