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Seller asking: $1,663,038.92 (100% of UPB)
Pricing may vary over time and is subject to Seller Approval
 

General Note Information
Product ID
0040901
Lien Position
1st Mortgage/Deed of Trust
Note Status
Performing
Note Type
Conventional
# of Payments Last 12 Months
12
Paid To
01/05/2017
Loan Maturity
06/05/2018
Property Type
Commercial
Original Balance
$1,850,000.00
Principal Balance
$1,663,038.92
Est. Market Value
$2,400,000.00
Payment Amount
$11,138.36
Note Rate
8.500%
Sold Rate
8.500%
Detailed Note Information below
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Detailed Note Information
  • Note Terms
  • Note Dates
Lien Position: 1st Mortgage/Deed of Trust Amortization Type: Partially Amortized Loan Type: Conventional
Original Balance: $1,850,000.00 Current Balance: $1,663,038.92 PI: $0.00
Total Payment: $11,138.36 Note Rate: 8.500% Sold Rate: 8.500%
Total in Trust: 0 Unpaid Interest: $22,121.47
Late Charges is:
0.50% after 10 days
Unpaid Charges: $0.00 Prepayment Penalty: No Rate Type: Other
Balloon Payment: No Loan Terms Modified: No Registered w/MERS: No
On Forbearance Plan: No In Foreclosure: No In Bankruptcy: No



Seller Comments:
The collateral for this loan consists of two 9,500 s.f. restaurants. One is owner operated the other is leased. Borrower is currently in default for not providing updated financial information and obtaining bank approval for lease. Currently being charged default interest of 8.5% since June 2015. Borrower is making payments monthly. Local broker indicated restaurants vacant would sell for $1.2MM each for a total of $2.4MM in collateral value.
Origination Date: 05/12/2011
First Payment Date: - - -
Paid to Date: 01/05/2017
Next Due Date: 02/05/2017
Maturity Date: 06/05/2018
Last Payment Received: 01/23/2017
# of Payments Last 12: 12
Note Payment Amount: $0.00
Tax Portion: $0.00
Insurance Portion: $0.00
Trust Balance: $0.00
1st Trust

Lien Position: 1st Trust Deed/Mortgage Principal Balance: $ 0.00
Monthly Payment: $ 0.00 Modified: Unknown
Current: Unknown Information as of: - - -


2nd Trust

Lien Position: 2nd Trust Deed/Mortgage Principal Balance: $ 0.00
Monthly Payment: $ 0.00 Modified: Unknown
Current: Unknown Information as of: - - -
BK Discharge Date: - - -
BK Chapter: None
BK Dismissal Date: - - -
BK Filing Date: - - -
Date Opened: - - -
Schedule Sale Date: - - -
Draw Period Start Date: - - -
Repayment Period Start Date: - - -
Current Index Name:
Margin: - - - %
Ceiling: - - - %
Floor: - - - %
Next Adjustment:
Adjustment Frequency: 0   Months

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