Financial Instruments > Notes > Real Estate Notes > # 973007

Loan Note secured on imposing 106,500 SF brick commercial building

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Due Diligence

Seller Name:	princetoncommercial
Rating:	(10)
Location:	Holyoke, MA 01040

Number of Bids:	0
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$67,500
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Closed
Auction Started:	11-25-20 09:00 PM ET
Auction Closed:	12-03-20 03:00 PM ET
Bid Increment:	$2,000
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's Premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	8.0%
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Asset Information

Related Due Diligence

Current loan amount calculation [PDF]

Terminated agreement [PDF]

Loan Note [PDF]

Rehab Plan [PDF]

Recorded deed and recorded mortgage [PDF]

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Asset Description

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 8.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.

Payment Type

Wire Transfer