
2259 Humanity St
$195000 UPB | Performing
Marketing description
Loan investment to enable the borrower to purchase the house he is now renting since March 2025.
Fully renovated 3 BR 3 baths house rented for $2,000 per month.
Ten years interest only payments. New secured mortgage loan / note will be issued at closing to the investor.
Principal loan amount $195,000
Interest rate is 12%
Investment required: $190,000
House appraisal is $244,000
Loan is secured by first lien on the house.
House address is 2259 Humanity St, New Orleans, LA 70122
House is rented by the note holder who is paying $2000 per month.
Rent is below market rate and the tenant will not move out.
You will own the whole note and mortgage of $195,000, receive automatic monthly bank deposits of $2000 for 5 years and then the whole loan balance of $195,000 for a total of a total of $315,000 which is much better and more secure than any stock, bond or other investment.
Please contact Sam by email at Sam@bstncapital.com or by phone at 407-595-9010
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