Property details
9.00% Return Plus $1 Million, Great Lakes - Big Rivers Region
Property Description
Similar to a NNN passive equity partner investment play...A successful composting inventor & soon-to-be operator company has recently been selected by a large waste service company to begin a 12-month trial period of composting. The awarding of this opportunity to this company was not easy. There were many other companies trying to win this opportunity. As a condition to landing a 5-year monitizable contract with the waste service company, the composting company must show 12 months of successful composting operation. The company is extremely confident that they will not only meet expectations, but exceed them.
The site has already been identified. The composting company is currently seeking a private loan of $4,500,000 and is willing to offer very attractive terms to the first investor who puts up the money. The basic terms offered are as follows:
• Principal Amount of Loan: $4,500,000
• Interest rate -“ Nine (9%) percent.
• Fully amortized over a thirty six (36) month term.
• Monthly payments begin 180 days from the start of operations.
• All due and payable, including principle and any unpaid interest, in 3 years.
• No prepayment penalty.
Upon completion of the 12 operational requirement and the issuance of a 5-year monetizable contract (which is estimate will occur between the
14th and 16th month from the start of operations), the composting company will agree to pay the investor:
• The prepayment of the remaining principle.
• 9.00%interest that is outstanding on the original note.
• A bonus payment made $1,000,000.
The above is being offered on a first come, first serve basis. The company will provide all documentation to any prospective investor who is able to show proof of funds.
Images
Highlights
- Status:
- Sold
- Price:
- $4,500,000
- Cap Rate:
- 9.00%
Property Information
- Property Type:
- Net Lease
- Industry Type:
- Miscellaneous
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.