Seeking $1.2M Loan, First Position, 3% Interest, 30 Year Amortization, 15 Year Balloon.

I currently own a very nice industrial flex space in Utah County with a $1.2M loan & approximately $300,000 of equity in the building. I'm looking for someone that would like to use their cash or retirement account and refinance the loan.

The loan would be the only loan on the property. The monthly payment starting would be approximately $5,000 monthly and the interest to the lender would be approximately $3,000 per month. Great opportunity to earn almost $36,000 in interest in year one! Over the 15 years, this is scheduled to be $433,271 of interest paid from me to you.

Please call or text to discuss further.