Lost Funding For Purchase Of Defaulted Note 1.75M
I have an LOI in place to purchase a defaulted note that is secured by a vacant 1 acre parcel zone for light commercial and mixed use residential from a hard money lender. The other parcel is 1 acre and has 9800 sq. ft. of office on it.
I am looking to find someone(s) to partner with to purchase this note, lease up the office space and sell it and then develop the vacant 1 acre.
The borrower is in BK and relief from the stay has been granted.
This is located in the Silicon Valley area.
I am looking to find someone(s) to partner with to purchase this note, lease up the office space and sell it and then develop the vacant 1 acre.
The borrower is in BK and relief from the stay has been granted.
This is located in the Silicon Valley area.
Comments(0)
How much discount to the face of the note?
wHAT IS THE mARKET vALUE?