Note for Sale | Bank/Lender Note Sale | Multifamily and Apartment Loans (5 or more residential units)

. Hollywood , CA

Non performing loan for sale.8 units apartment building in prime Hollywood Los Angeles, CA.Borrower could not make the loan payments. Lender is willing to sell the loan.Please send us an email for more information.

Posted: 08/23/2019 11:20 am | On HOMEiZ: 1707 days | Updated: 4 years ago | Views: 3228

Location Map

Property Type

Property status

Sold

Property Location & Description

Listing Headline

Non performing loan for sale.8 units apartment building in prime Hollywood Los Angeles, CA.Borrower could not make the loan payments. Lender is willing to sell the loan.Please send us an email for more information.

Property Description

Property was built in 1971 and is under rent control.

Location Description

Prime location Hollywood , CA

Terms & Conditions

Lender is looking for 72 hours closing all cash.

Note

Source of Note

Direct from banks

Note Information

Loan Overview

Asking price

$ Undisclosed price

Contact for price

Loan Status

Non Performing

Original Loan amount

$8450000

Current Balance

$7200000

Amount in Default

$7150000

Amount to cure default

$7200000

Loan/Lien Possession

First

Loan interest rate %

3.9%

Loan Type

Commercial

Loan issued date

08/09/2014

Loan Maturity date

08/09/2019

Borrower overview

Bankruptcy

Borrower signed forbearance agreement

Yes

Borrower will consider signing Deed in lieu of foreclosure

Yes

More information

MLS URL of this listing to link to your own site or brokerage site

NOT IN MLS

Listing Info

Listing ID: 1910

Sold

For Sale

Price Undisclosed

Listing Presented by

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