18% Interest Secured By
I'm in contract for a 16 unit building with 2 commercial tenants for 1.2 million.
The seller is flexible and will hold paper for 90 days (300k).
The bank will finances 900k at 5%.
Since, the deal has great rent roll being 204k annually and expenses only being 52k annually
I'm offering private lenders or investors 18% interest only payments on a junior mortgage with a one year balloon.
Anyone interested…
[ Edited by Acquisition on Date 08/01/2003 ]
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