Private Money Needed

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Mike McLean

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Jan 30, 2007, 3:08:03 PM1/30/07

to Commercial-Real-...@googlegroups.com

The funds of $3.0 Million are needed to purchase $6.282 Million of real estate.

The funds would be secured by first mortgages on single family residential real estate.
The payment to you would be $22,012 monthly (8%, 30 year amortization).

Here is an overview:

Number of Properties in Group    116

# Currently Rented                         116

Value* (in millions)                         $6.282

Price                                                $3,000,000

Loan-To-Value                     48% of the actual value

Avg. Price per Home*                    $27,075

Of the $3.0 Million approximately $450,000 will be placed in reserve.

Mike McLean

Fireside Investments

"Your Real Estate Solution Allies"

Mike....@SolutionAllies.com

248-275-5497 Office

248-275-5503 Fax

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