In effort to free up cash for the business I am developing Pangaea Services Inc the Defender 24/7 I am reluctantly selling an asset that is a terrific source of fixed income in a 1-% marketplace. The details:
1) Note is 6%.
2) Payments are $896.00/mo for 20 years.
3) Loan is secured by real property sold 2012 for $195K. Property is a waterfront parcel in Sequim WA 1.22 acres. Lot is ready to build and already has a water meter in place.
4) Borrower has made every payment on time and is a sales mgr at Cisco Systems with pristine credit.
Total return on investment if the note goes to maturity is $214,929 or $89,929.00 in interest. There is no prepayment penalty.
I would like to see someone from here receive the benefit from this asset.
Please PM me if interested.
1) Note is 6%.
2) Payments are $896.00/mo for 20 years.
3) Loan is secured by real property sold 2012 for $195K. Property is a waterfront parcel in Sequim WA 1.22 acres. Lot is ready to build and already has a water meter in place.
4) Borrower has made every payment on time and is a sales mgr at Cisco Systems with pristine credit.
Total return on investment if the note goes to maturity is $214,929 or $89,929.00 in interest. There is no prepayment penalty.
I would like to see someone from here receive the benefit from this asset.
Please PM me if interested.