Replies to post #96348 on JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

His ''I've been traveling the past 6 plus months'' excuse won't save his broke, deadbeat ass either.

[Mr Smith 34]

What is the typical balloon payment on this type of Mortgage?
I've seen 25% to 50%. It appears the Hamilton street Associates payment terms are in contained in the note and are not recorded
Park's 3rd Qtr Mortgage balance was $22,992,224 and his 4th Qtr mortgage balance was $ 22,877,658. A difference of $114,886 or $38,295 per month.
A 50% balloon payment would make total $11,438,829 or a monthly payment of $38,295 for 25 years. Most commercial mortgages I've seen are fixed principal. Is that usually the case and isn't 25 years a long time for real estate like this .
(It is also possible he is behind in Mortgage payments as well, and the $ 114,886 is only a month or two)