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Updated almost 15 years ago on . Most recent reply

Daniel Yoo's profile image
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Daniel Yoo
  • Member since Aug 20, 2009
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Daniel Yoo's profile image
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Daniel Yoo
  • Member since Aug 20, 2009
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Daniel Yoo
23
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204
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Tax Liens & Mortgage Notes

I need your EXPERTISE...yes, You!

Daniel Yoo
Posted

How would you value this Note Scenario?

This is for a 100 unit apartment complex.

The Original Note Amount was : $2MM

The Approximate Note Balance is: $1.8MM

The Asking Price is: $1MM

Origination Date: 1/1/2005

Maturity Date: 1/1/2010.

How much would you offer for this note? Thanks!

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Loc R.'s profile image
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Loc R.
  • Note Investor
  • from Pasadena, California
  • Member since Apr 21, 2009
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Loc R.'s profile image
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Loc R.
  • Note Investor
  • from Pasadena, California
  • Member since Apr 21, 2009
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Loc R.
  • Note Investor
  • Pasadena, CA
544
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849
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Loc R.
  • Note Investor
  • Pasadena, CA
Replied

At $1M, your ITV is 40%. That's on the high end for sub-performing.

What is the payor's situation? Obviously they didn't perform on the balloon...

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