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Complete info on the note is below:
The property is a 41 room hotel in Trout Lake, Michigan. I sold the property on November 2016. The buyer purchased it for $180,000 and put down $35,000. It is a 10 year loan and fully amortized for 10 years so no ballon payment. It is a 0% interest loan throughout the loan term. Mortgage payments are $1210 per month. Buyer has made payments on time.
Name and address of hotel is below:
Castlewood Inn and Suites
22321 S. M-123 Trout Lake, MI 49793
You can make an offer on the note.
If anyone has anymore questions please feel free to ask. Thanks!
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