Paige Panzarello Lending Deal


Paige Panzarello Lending Deal

Tricoma Trust in Grand Rapids, MI

This was a non-performing note that I was able to work with the borrower and help him to re-perform. He has paid on time for 9 months. I now have a monthly cash flow without the headache of tenants and toilets. I also bought this note at a discount because it was non-performing, thereby building equity and mitigating my risk. The purchase price was $29,100, and the current unpaid principal balance is $43,257, so I forced appreciation in the amount of $14,157 that will still be paid as profit to me if he refinances or pays off his loan, in addition to the interest that is being amortized over 360 months.

Lending Details

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

Fortune Builders Passive Income Club helped me to recognize the importance of passive income and what a value it is to my portfolio and to my life.