Proposed note
5-Year Balloon
- Seller-financed principal
- $1,020,000
- Interest rate
- 0%
- Monthly principal payment
- $7,500
- Scheduled payments
- 60 months
- Total principal paid through monthly payments
- $450,000
- Balloon payment at month 60
- $570,000
A purchase offer for the full portfolio
Joliet-Area Rental Portfolio
Joliet & Crest Hill, Illinois · 11 homes
$1,200,000
Proposed purchase price
Seller financing · 45–60 day close
01.
Purchase Offer
A $1,200,000 purchase price with a cash portion at closing and the balance financed by the seller.
Down payment at closing (15%)$180,000
Before closing adjustments, prorations, or other agreed costs.
Seller-financed principal$1,020,000
0% interest; principal only.
Monthly principal payment$7,500
60 scheduled monthly payments.
The cash amount and seller-financed principal total the proposed purchase price. The cash amount is not a statement of net proceeds; final seller proceeds may be affected by agreed closing adjustments and any seller obligations.
02.
Portfolio Photos
Property reference photos from the portfolio listing.
These are reference images from the portfolio listing. Some are archived or AI-enhanced images; current condition and appearance should be confirmed.
03.
Seller-Financing Terms
The seller-financed balance is paid at 0% interest over 60 monthly payments, with the remaining principal due as a balloon at the end of month 60.
Balloon payment at month 60: $570,000. This is the remaining principal after 60 scheduled payments of $7,500 at 0% interest, not an additional purchase price. Any refinance or sale proceeds are not guaranteed.
Monthly payments apply entirely to principal at 0% interest. They exclude property taxes, insurance, operating expenses, closing costs, prorations, reserves, and rehabilitation expenses.
04.
Proposed Path to Closing
Targeted closing is within 45–60 days after acceptance of the proposal, subject to due diligence, title coordination, and completed documents.
Confirm the proposed note
Use the 0% interest, 60-month payment schedule, and month-60 balloon as the basis for final documents.
Coordinate due diligence
Confirm portfolio details, title, leases, occupancy, and agreed closing adjustments.
Prepare closing documents
Finalize the purchase agreement, seller note, security documents, and closing statement with the parties’ counsel and title team.
The proposal is for discussion and is not a financing commitment or purchase contract. Note security, payment start date, servicing, prepayment, taxes and insurance, closing costs, and other terms remain subject to mutual agreement and signed documents.