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Federal Trust Deed | Available Trust Deed Investments - Low LTV on Commercial Bank Bldg in Oklahoma
FUNDED!
LOAN: #7005
SUBJECT PROPERTY: 222 East Grand Ave, Ponca City, OK
Six story commercial office building, approximately 40,000 sq ft.
APPRAISED VALUE: Pending
BROKER'S OPINION OF VALUE: $1,000,000.00 (based on income)
Six story commercial office building, approximately 40,000 sq ft.
APPRAISED VALUE: Pending
BROKER'S OPINION OF VALUE: $1,000,000.00 (based on income)
LOAN TERMS
Loan Amount: $117,800.00
Position: 1st
Interest: 11%
Term: 60 months
LTV: 12%
Loan Amount: $117,800.00
Position: 1st
Interest: 11%
Term: 60 months
LTV: 12%
There is a late charge of 10% of the payment (after 10 days).
There is no prepayment penalty on this loan.
This loan contains a balloon payment.
There is no prepayment penalty on this loan.
This loan contains a balloon payment.
SPECIFICS: Eastman National Bank currently occupies the entire first floor. Current monthly income is $16,712. Additional rental space is available. Also included are two parking lots; one will accommodate 150 cars, the other is smaller. Both lots are contiguous to the subject property but are separate parcels.
Property is being physically inspected by our broker on 1/31/
Property is being physically inspected by our broker on 1/31/
Information Subject to Change
