📄 Performing 1st Position Mortgage Note – BHAM Alabama

Asset Type: Seller-Financed Mortgage Note

Position: 1st Lien

State: Alabama (Non-Judicial Foreclosure – Power of Sale)

• Unpaid Principal Balance: $110,000

• Interest Rate: 4%

• Payment: $550 P&I (+ tax escrow)

• Term: 6-Year Balloon

• Structure: Warranty Deed + Recorded Mortgage

• Property Type: SFR Rental Fully renovated property

• Current Rent Income: $1,100/month

• Estimated Value: $125,000

• Estimated LTV: 88%

Clean documentation. Taxes escrowed. Insurance required naming lender as mortgagee.

🚨Seeking $88,000 for full purchase. 70% LTV 💰

Serious inquiries only.

Due diligence package available upon request.

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