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5 Year Seasoned Performing, 7.9% Fixed Annual Yield, C-Store
Property Details Type: Commercial Convenience Store Property Use: C-Store Sq Ft: 3,700 Year Built: 1962 Other Revenue: There is a Billboard on Site that pays the owners $1,500 to $3,000 per year also. Owner Operated: YES - Owner's have 3 other convenience stores in the area. Note Details Sale Date: 9-17-12 Date of 1st Pmt: October 17th 2012 Sale Price: $ 500,000 Down Pmt: $ 100,000 Original Note Amt: $ 400,000 Position: 1st Other Liens or Loans: No Original Term: 180 months(Amortized over 360mo) Interest: 5 % Monthly Pmt: $ 2,147.29 Property Taxes/Insurance included in Pmt: Being Collected by Pioneer Escrow Current Balance: $ 366,697.86 Seasoning: 61 (after Oct 2017 payment) Pmts Remaining: 119 months Balloon: YES. $ 271,534.64 Balloon Due Date: September 2027 Is Payor Current: Yes 3rd Party Servicing: Pioneer Escrow Credit Score: Corporate Borrower - 3 Partners - No Personal Guarantee's % Down: 20 % %LTV: 73.3 % All Other Details: Property being used as a C-store only Convenience Food items, Beer & Wine and Tobacco - No Gas - No environmental problem - NEVER BEEN USED TO SELL GAS! NO BUSINESS ASSETS WERE SOLD! ONLY REAL ESTATE. THE SELLER OWNED the building since 1995 and used it for his own business selling Gas Fireplaces and Wood Burning Stoves. Current owner operates a Convenience Store. This is an ideal location for a C-store because it is right on the border of Oregon and Washington State. Because it is located in Oregon, which has 0% sales tax, the 40,000 people who live in the Walla Walla area of Washington State (just 5 to 10 minutes away) drive there to get their booze and tobacco and other convenience goods to avoid paying a whopping 8.9% Washington State sales tax!
48% LTV; Cash-Out Refi of a
California
Our borrowers used the proceeds of our relatively low loan-to-value mortgage loan against their home...
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Price:$340k
UPB%:100%
Rate:7%
LTV:48%
YTM:N/A
65% LTV; Cash-Out Refi of a
California
Our borrower used the proceeds of our mortgage loan against her home to inject working capital into...
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Price:$256k
UPB%:100%
Rate:9%
LTV:65%
YTM:N/A
Direct Lender with Funding
Anywhere
If you're a real estate investor looking for non-owner occupied (business purpose) investment loan within these states (AZ, CO, FL, IL, KS,...
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67% LTV, 5 Commercial Pool,
Midwest
4 Lodging & Multifamily 1 Resort w/ 40 condos, restaurant, 50 acres, 60 lots All financed to...
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Price:$4.5M
UPB%:88%
WAC:6%
WALTV:67%
Lien:1st
5,000,000 purchase loan
California
LTV:65% purchase 17 unit condo in San Francisco, CA 94103 address: 1400 Mission St. 2 year...
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Price:$5M
UPB%:100%
Rate:7%
LTV:64%
YTM:N/A

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