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Updated almost 6 years ago,
Would you fund this note?
First position, private deed of trust - Balloon loan, interest-only for 5 yrs
Commercial property in a C area slated to be improved by the city over the next 20 yrs. Property is leased.
Loan Interest: 6% Monthly pymt: $1250
Loan to Value: 66.66%
Loan Amount: $250,000.00
Monthly Loan Payments: $1,250.00
Borrower has excellent track record in R.E.
Thanks for any input.