NEW REFINANCE LARGE REMODELED RETAIL BUILDING WITH PARKING LOT- 37% LOAN TO VALUE SPRINGFIELD, ILLINOIS STATE CAPITAL METRO UPSCALE LOCATION FAMOUS HISTORIC DISTRICT AMAZING 5 STAR REVIEWS ONLINE. STRONG RENTAL MARKET LOCATION FOR $4,200 PER MONTH. Borrower is Successful Small Business Owner for the lat 31 years. The borrower’s family owns a home and another commercial buildings in the area. RARE 13.00% YIELD FOR LOW 37% LOAN TO VALUE

NEW refinance loan for this large property in a good location of Springfield, Illinois. The property appraised for $400,000. The borrower lives in a high end area locally and is a Small Business Owner for the last 30 years. The borrower’s family owns a home and another commercial buildings in the area. The property is updated and strong rental market location for $4,200 per Month. The borrower is using the funds to pay a small current note that has come due. Our borrower plans on refinancing this loan within the next 20-24 months.

New 1st Trust Deed
Loan Amount $150,000
Appraised Value $400,000
Loan to Value 37%
Protective Equity $250,000
Property Type Retail Corner
Occupancy Non-Owner Invest
Investor Yield 13.00%
Loan Term 2Year(40 due 2)
*2 Appraisals Completed 12/22/18 * 6 Month Pre-Pay Included
DETAILS:

The subject property is improved with a one-story building which was constructed in 1947 and recently remodeled throughout. The gross area combines for 4,212 square feet above grade. It is situated on a 16,207-square foot rectangular shaped parcel zoned H-2, Historic Sites District, by the City of Springfield. The land to building ratio is 3.85 to 1. The property also has a 15 car parking lot plus ample street parking.

Options: Available as whole or multi beneficiary(partial)
Examples of investor returns:
ANY AMOUNTS.
$37,000 partial interest- scheduled income: $403
$75,000 partial interest- scheduled income: $817
$150,000 whole note- scheduled mo. income $1,634
Fund directly into the insuring title company with 125% ALTA policy.
Your vesting on Note and Deed of Trust.