The following Notes are available, each are secured by a 1st mortgage and each has the same terms and rate: 13 month interest only payment, balloon payment due on the 13th month, Note buyer receives a rate of 15%.
Note for $51,500 - appraised on 6/29/2010 for $103,000 (50% LTV) no repairs needed. House is 2.5 stories, 5 bedroom, 3.5 baths, 3,458 sq. ft., 2 car garage in Detroit. Borrower brought in $19,700 cash to closing.
Note for $54,500 - appraised on 8/18/2010 for $109,000 (50% LTV after-repair-value) repairs in fund control. House is 2 story, 4 bedrooms, 2.5 baths, 1,931 sq. ft., 2 car garage in Southfield. Borrower brought in $8,000 cash to closing.
Note for $72,500 - appraised on 8/9/2010 for $145,000 (50% LTV after-repair-value) repairs in final stage of fund control. House is 1.5 story, 3 bedroom, 1 bath, 1,228 sq. ft., 1 car garage in Royal Oak. Borrower brought in $29,000 to closing. Call or e-mail me with any questions, appraisals can be e-mailed to you.
Trent Dalrymple
Metro Mortgage Investments
26711 Woodward Ave., Suite 301
Huntington Woods, MI 48070
(248) 547-3006
(877) 854-0602
Comments (0)Subscribe to CommentsComment