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Previous Transactions


305 W. Air Depot, Gadsden, AL
112 Unit Apartment Complex

 

 

Royal Bank of Canada lent the borrower $2,858,500 on March 4, 2008.  CRB Capital purchased the mortgage from Fannie Mae on June 17, 2013 for $1,916,250.  The borrower deeded the property to CRB Capital in October, 2013.  In March, 2014, the property was appraised for $3,250,000

DETAILS

Estimated Sales Price:                    $3,250,000

Acquisition Price:                           -$1,916,250

Costs:                                                 -$275,000

Estimated Profit:                            $1,058,750

ADDITIONAL DETAILS

Original Note, Allonge Transferring Note, Assignment of Mortgage, Bill of Sale and Deed in Lieu

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