Real Estate Note for Sale Performing 1st Position $98,250 UPB @ 10% in Lima OH
Real Estate Note for Sale in Lima OH is performing with 10 months worth of payment history. It is a 1st position note for sale on a duplex. The unpaid balance of the note is $98,250 and the property value is $131,000. The interest rate of the real estate note for sale is 10%. The mortgagor has made a $17,408.30 down payment for the rehab financing.
The term is 30 years with a 5 year balloon. The monthly PI equals $862.21 PITI equals $1021.00. The property is producing $1200.00 a month for the past 10 months.
This is a refinance out of construction financing that was used to stabilize the property. The mortgagor is offering a second mortgage on other properties to secure your note.
Please contact us for any other questions by filling out the form below on the Real Estate Note for Sale in Lima OH.
– Central Ohio Real Estate Investment LLC