Creative Financing Terms

Purchase Price: $630,000
Entry Amount / Down Payment: $45,000
Estimated Total Monthly Payment: $3,358.13

Structure

Subject-to existing first-position loan plus seller carryback financing.

Existing First Loan

Lender: Freedom Mortgage
Approximate Balance: $368,700
Interest Rate: 2.87%
Monthly PITI: $2,858.13

Seller Carryback

Seller Carryback Balance: $216,300
Monthly Payment: $500/month
Balloon / Maturity: 5 years after closing
Late Charge: $25

Second-Position HELOC

Seller to pay off and release the existing OCCU HELOC at or before closing.

Approximate HELOC Balance: $43,225.79
HELOC Interest Rate: 9.25%
Current HELOC Payment: $370/month

Monthly Payment Breakdown

Existing Loan PITI: $2,858.13
Seller Carry Payment: $500.00

Estimated Total Monthly Payment: $3,358.13/month

Exit / Balloon Terms

Buyer to refinance, resell, pay off, obtain lender-approved assumption, or otherwise satisfy the existing first loan and seller carry balance within 60 months after closing, subject to agreement terms.

Buyer may request one extension of up to 6 additional months, subject to approval and agreement terms.

Important Buyer Note

Buyer to verify all loan balances, payoff amounts, payment terms, rents, expenses, property condition, title, financing terms, zoning, and intended use before moving forward.

3700 NE Maywood Pl. Portland, OR 97213

For additional information or to discuss
the opportunity in more detail, please contact:
Ronald Exconde
Exconde Realty Solutions LLC
(503) 908-3376
ronald@exconderealtysolutions.com