PRIVATE NOTE LENDING opportunities
You become a small “Bank of America” allowing ease of transactions for your capital to do exactly what you want, working for you. Many private note lenders are former investors and developers, trading secured notes for tenants and toilets.
Private Deed Notes range from 6 to 15% annual interest, with Loan to After Repair Value from 50% to 90%.
Terms from six months to 5 years.
High-income fourplex in the heart of Ballard.
Newly renovated with great cash flow
LOAN AMOUNT: $1,200,000
RENOVATED VALUE (ARV) $2,150,000 (recent appraisal)
TERM: 18 Months @ 7.5% and 2.5 Points
MONTHLY PAYMENT: $7,500
$140,000 annual Gross income
MEZZ TRUST DEED AVAILABLE
Value-Add Apartment project
Core Location b+ Category
LOAN AMOUNT: $300,000
TERM: 18 Months @ 12% paid 1% monthly @ $3,000
8 points ($24,000) paid on maturity