Loan Request

Presented by
Clayton Voegtle
Clayton Voegtle

Created On: June 6th, 2017

Updated On: June 6th, 2017

Loan Request in Beach Park, IL

Interest Rate: 7% - 12%

Duration: 2 Years

Loan to Value: 14047%

Down Payment: $0

Category: Other

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Secured 30 Mo. Loan $90K, 8%

Posted on June 6th, 2017| Updated on June 6th, 2017| by Clayton Voegtle

Probate estate had assets appraised at $82,000, $150,000 and $710, 170; Total $942,170.
Estate does not have adequate cash flow. Cash flow is only $600 per month.
Seek loan of $90,000 to improve real estate and then sell. Loan would pay interest only installments of $600 per month and at end of 30 months return full principal. The $600 per month totals $7,200 per year which is 8% of $90,000. However, because the interest is paid monthly it is earning more than 8%. Loan would by by promissory note with security as to real estate and lease.

Comments & Questions (3)
Clayton Voegtle
AUSTIN OJIMGBA
Clayton Voegtle
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