10943 - Chelan, WA
Strong Borrower – Has Owned Property for Over 20 Years
12 Months Prepaid Principal & Interest Payments Held Back
This is a commercial lot improved with a 2,800 sq. ft. building. The loan is personally guaranteed by 5 individuals with good credit. The borrowing entity has a net worth of $14,260,000. Subject property recently appraised for $405,000 and has a Broker Price Opinion of $400,000. The loan amount is $200,000. Minimum investment is $20,000.
MORTGAGE PAPER SECURITIES ARE NOT RATED OR INSURED AGAINST LOSS AND MAY BE SUBJECT TO SUBSTANTIAL RISKS THAT ARE FURTHER DESCRIBED IN THE GENERAL AND SPECIFIC OFFERING CIRCULARS. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. INVESTORS ARE URGED TO READ THE GENERAL AND SPECIFIC OFFERING CIRCULARS PRIOR TO INVESTING.
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