DebtMarket is featuring its first commercial mortgage listing:
Seller: North Carolina Broker
Property Location: North Carolina
Remaining Balance: $1,241,241
APR: 7.00%
Appraised Value: $830,000 as of October of 2009
Asking Price: 45% of remaining balance
This loan is secured by a Deed of Trust. The original loan has been modified from its original balance of $850,000 to an outstanding balance of $1,241,242.00. This is a residential real estate development located in the mountains of Western North Carolina and surrounded by National Forest.
As we are about to implement major improvements to our commercial and residential platform, we welcome your immediate feedback on the information provided in our marketplace. We are working hard to bring standardization, efficiency and transparency to loan portfolio sales. We encourage you to take part in the evolution of our technology so together we can create the most efficient whole loan marketplace.