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Article #6068

earn 12-20% on your cash

#6068
From: Clifford Enz
Date: Thu, 21 Jul 1994 22:04
35 lines
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I am forming a Limited Liability Company to buy delinquent mortgages.

The projected loan to value (LTV) of the loans will be no more than
75% with effective interest rates (after discount) of 12-30%.A

I am looking for up to 35 partners to fund this enterprise. If you
are interested in above average yields for your investment, please
call or write for a private placement memorandum.    

A few technical points, I am a Virginia licensed Real Estate broker,
loans will be purchased in the Metro DC area, all properties will be held 
in individual Virginia Land Trusts (for asset protection), I will be a 
cash partner in the company.

Properties considered will be residential single-family detached and 
townhouses. no condos. We will also finance trailers. 

This is an offering that is available to sophisticated and accredited
investors. They will have a say in the operation of the company, via
annual and quarterly meetings. While payouts may be shorter term, i.e. 
quarterly or monthly,  Term of operation and payout is probably going to be
long term, with a full maturity date of at least 5 years in the future. 

Cliff Enz

(703) 519 - 3681 or

 e-mail at cliffenz@dgs.dgsys.com


-- 
Cliff Enz, GRI, VA Real Estate Broker ##  Voice ## (703) 519 - 3681
                                      ##  FAX   ## (703) 642 - 9710
I BUY HOUSES, I LOAN MONEY.           ##  e-mail## cliffenz@dgs.dgsys.com
		Earn 8-12% on Your Cash.
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From: cliffenz@dgs.dgsys.com (Clifford Enz)
Newsgroups: dc.test
Subject: earn 12-20% on your cash
Date: 21 Jul 1994 18:04:09 -0400
Organization: Digital Gateway Systems
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