GARDENIA LOS FRESNOS, TX 78566

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

This subdivision will consist of 41 single family lots. Seller financing available with $1500 down payment, 12% interest, 15 yr amortization schedule. P&I Payment $616.89 plus $100 monthly escrow for property taxes for a total payment of $716.89 for individuals. IF BUYER is an LLC/DBA entity same payment applies but on a 9 month term balloon payment. NO EXCEPTIONS. This minimum down payment applies for a builder purchasing 1 to 2 lots. Down payment requirement will vary depending on a case to case basis on builders requesting seller financing on more than 2 lots. Closing costs for individuals is $600 and builder is $200/per lot. Please provide 1 check for down payment and closing cost with contract payable to Los Fresnos Development, Ltd. Co. Min. sf living requirements is 1700 SF./2 car.