YOU BECOME THE LENDER

Seeking $600,000 Loan, First Position, 3% Interest, 30 Year Amortization, 15 Year Balloon.

I currently own a very nice industrial flex space in Salt Lake County with a $600,000 loan balance & approximately $200,000 of equity in the building. I'm looking for someone that would like to use their cash or retirement account and loan me the money so that I can pay off my first loan and have a lower interest rate long term.

The loan would be the only loan on the property. The monthly payment starting would be approximately $2,500 monthly and the interest to the lender would be approximately $1,500 per month. Great opportunity to earn almost $18,000 in interest in year one! Over the 15 years, this is scheduled to be $221,635 of interest paid by me to you.

Please call or text to discuss further.