2711 and 2727 Harrisburg, Houston, Texas 77003

2711 and 2727 Harrisburg, Houston, Texas 77003, one block from site of Houston's new soccer stadium.



1) Exact Property (Street) Address? 2711 Harrisburg

2) Is the property Owner-Occupied? Yes
3) What type of property secures this Note? Property Description? 15,000 SF of building (redeveloped into 10,000 Sf of loft apartments and 5000SF of restaurant), with 27072 SF of land (of which 14,000SF is improved as asphalt covered parking lot
4) Recent Property Appraisal? Fourteen months old

5) Appraised Value? Listing price of $925,000 set by Colliers International, current fair market value exceeds $850,000
6) What's the Credit Score of the Note Payor? Unknown, but assumed to exceed 700 due to background and cash availability
7) What does the Note Payor do for a living? One partner is accomplished chef with experience in luxury restaurants and with commercial kitchen development (Aramark and HOK Architects). The other partner has finance experience with Merrill Lynch and previously remodeled residential structures in downtown Philadelphia which are held as income producing properties.
8) Original Note Amount? $600,000

9) Current Unpaid Balance? $600,000
10) Sales Price? Date? $700,000, March 15, 2010.

11) Cash Down Payment? $100,000 (purchasers have already invested more than $75,000 in remodeling the property and ill likely invest another $300,000 – 350,000 cash over the next five months.

12) What Day & Month was the 1st Note Payment made? April 1, 2010
13) What is the Interest Rate? ___% Fixed or Adjustable? 7.0% fixed
14) Amount of the Monthly Payments? $____3500.00_____
15) Any Balloon Payment ? When Due? $600,000 due April 14, 2012
16) Is there a Mortgagee's Title Insurance Policy on the Note? Yes
17) What Escrow/Title Insurance Company handled the transaction Charter Title Company

when the Note was created?


Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
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