Note For Sale - Canyon Lake, TX

Just closed on a sale and originated a first lien position note. If there is any interest in purchasing this note, feel free to give me a shout for more information. Thomas@SA2Austin.com

I’ll be doing a case study on this deal from start to finish. For now, I am putting this note on the market for sale. I’ve received a few offers already, will be making a decision on this by end of week.

Buckhorn, Canyon Lake TX

Sold Price - $90,000.00

Down Payment - $60,000.00

First Lien Note FOR SALE - $30,000.00

Note Rate 9.235%

Loan Term 16 Months

Monthly Payment $2,000

Interest Earned Over Loan Term - $2000

LTV - 33.3%

I also threw this up on crexi, full address is in link - Note Information

It’s a mobile home with land. It’s been entitled, home is located on septic. Has working utilities with city water and electric. Buyer/Owner of the home I financed it to is a contractor who plans to fix it up himself. More info will be provided to serious buyers. Thomas@Sa2austin.com