Purchaser needs approximately $4.1 million+/-, 1% assumption fee, and closing costs to assume the existing nonrecourse mortgages. Cap rate 8.52%. 96% occupancy. Mortgage yield maintenance clause exists for three years, or pay off the penalty and mortgages initially and obtain new financing. In 3 years the properties could be refinanced with a new conventional or a 100% mortgage, the latter could recover the down payment.
OK for persons with the down payment including cash or IRS 1031 tax deferred exchange. Interested and financially qualified persons kindly include with your reply your: name, position, affiliation, email address, and mailing address. Sincerely yours, Ron Neufeld, CCS, RECS Comreb Limited Partnership Lic. Florida Real Estate Broker [EMAIL PROTECTED] http://www.recyber.com/member/r1552 ------------------------ Yahoo! Groups Sponsor --------------------~--> Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar. Now with Pop-Up Blocker. Get it for free! http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [EMAIL PROTECTED] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
