Canadian Corporation Requires CAN$260,000 6407480 Canada Corporation, a Canadian Federally Registered Corporation requires CAN$260,000 loan Details; Loan is to buy out balance of financing on 3 properties (no penalty), and do the required minor upgrades to the properties.
Property 1 6 X 1 BEDROOM APARTMENTS. ZERO VACANCY RATE. GOOD TENNANTS. APPRAISAL ON FILE FOR $86,000 (ABOUT +10 YEARS AGO). ALL COPPER PLUMBING UPGRADED ELECTRICITY (1986). FURNACE OLDER BUT HAS BEEN REGULARILY MAINTAINED, NEW OIL TANK. ROOF IN GOOD REPAIR. ALL TENANTS PAY OWN ELECTRICAL. NEW SILLS. NEW ELECTRICAL PANALS WITHIN LAST 10 YERARS BUILT IN FIRE ALARM SYSTEM. NEWER WINDOWS. WELL INSULATED. GOOD SOLID BUILDING. INCLUDED: 6 STOVES AND 6 FRIDGES ALL REASONABLY NEW. REQUIRES EXTERIOR COSMETICS AND SHOULD HAVE NEW FURNACE SYSTEM. WILL ALSO ADD COIN-OP WASHER AND DRYER ACTUAL VALUE +CAN$100,000 Total Income: 2175mo/26100ann Total Expenses:11437.84 Net Income:15130.16 RENTS ARE DUE TO BE RAISED AFTER WORK COMPLETION. (LAST INCREASE 5+YEARS AGO) Property 2 5 UNIT INVESTMENT PROPERTY WITH GOOD CASH FLOW. PROPERTY CONSISTS OF ONE BACHELOR, TWO X 2 BEDROOMS, ONE X 3 BEDROOM AND ONE X 4 BEDROOM. NEW EXTERIOR DOORS AND NEW FURANCE AUGUST 2004. MOST WINDOWS NEW IN PAST 5 YEARS ZERO VACANCY RATE. 5 STOVES AND 5 FRIDGES. REQUIRES EXTERIOR COSMETICS, FIRE ALARM SYSTEM INSTALLATION WILL ALSO ADD COIN-OP WASHER AND DRYER. ACTUAL VALUE +CAN$120,000 IF EMPTY LOT BEHIND BUILDING IS PURCHASED, VALUE WOULD RISE COSIDERABLY. RENTS ARE DUE TO BE RAISED AFTER COMPLETION OF WORK (LAST INCREASE 3 YAERS AGO) Gross Income: 27540 Total Expenses:16752.19 Net Income:10787.81 Property 3 UP AND DOWN DUPLEX. PRESENTLY UNDERGOING COMPLETE INTERIOR RENOVATIONS. WILL BE HOME OFFICE OF THIS COMPANY PLUS LIVING QUARTERS, AND WILL HAVE RENTAL INCOME OF $500 PER MONTH FROM SECOND FLOOR RESIDENCE. MOST EXTERIOR WORK IS COMPLETED, EXCEPT NEW DOORS AND DECK INSTALLATION. LARGE LOT WITH PARKING FOR 5 CARS PLUS A LARGE YARD. VALUE OF PROPERTY +CAN$100,000 EACH UNIT PAYS OWN HEAT AND ELEC / TAXES: 2175 ANNUALLY / WATER AND SEWAGE: 720 ANNUALLY BECAUSE OF PROPERTY BECOMMING AN OFFICE ALSO, IT THEN BECOMES A CORPORATE TAX BREAK ALSO. REQUIREMENT IS FOR A LOAN / NOT A MORTGAGE, TO COMPLETE THE RENOVATIONS AND BUY OUT EXISTING FINANCING. LOAN CAN BE SHORT TERM AND ARRANGE MORTGAGES AFTER WORK COMPLETION, OR A 15 YEAR FIXED TERM LOAN (PREFERED)....BUT IS LENDERS CHOICE. REASONABLE RATES. BROKERS WELCOME / NO UPFRONT FEES / COMISSIONS AFTER LOAN IS CLOSED AND ISSUED. PROPERTY VALUES WILL JUMP AFTER COMPLETION OF WORK AND ARE GOOD RISKS / EXCELLENT COLLATERAL. PICS ARE AVAILABLE IF YOU REQUIRE THEM. I CAN ARRANGE A REALTOR ASSESMENT/EVALUATION OF THE PROPERTIES IF REQUIRED. I AM PREPARED TO CLOSE ON THIS IMMEDIATELY. PROPERTIES ARE LOCATED IN SAINT JOHN, NEW BRUNSWICK, CANADA (CANADA'S EAST COAST) Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
