1st Position Mortgage on a Charlotte, North Carolina, Real Estate Property.

Church building highlights:

Points of Interest

1. $255,000 Investment in a 1^st Position Mortgage, Signed Contract with Owner for $351,000
2. Replacement Cost $765,120
3. Owner purchased Church 03/01/07 for $390,000 (all brick...6,376 heated square feet)
4. Owner made a $39,000 down payment on 03/01/07
5. Owner has made 22 consecutive payments of $2,500 which is $55,000, with a "Perfect" payment history
6. Investor earns $2,500/month or $30,000 annually @ 11.76% APR
7. 2 - 3 Year Term (Investor decides on Term)
8. Bonus:  $96,000 at payoff!!!!!!
9.  In 2 years total return realized is $156,000 which equates to 30.58% per year, 61.17% over 2 years.
10. In 3 years total return realized is $186,000 which equates to 24.31% per year, 72.94% over 3 years.

 IRA Eligible.  We can assist you with establishing a "Self-Directed IRA" with Equity Trust Company who manages over $3 Billion in IRA's,   their website is:   www...trustetc.com

For more information call 704-891-1344. . Direct to Seller. Make an offer.     Only principles or direct to principles please.