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| BONNIE BRAE LENDERS |
HOME |
| MONTANA DEVELOPMENT |
UPDATE |
| Partnership Formed: |
Unknown |
| Loan Status: |
Foreclosure; Alego Builders took over finishing construction |
| Borrower / Developer: |
Alego Builders |
| Develop / Project Stage: |
95% Finished; needs sewer connection |
| Project Name: |
Bonnie Brae |
| Property Address: |
1647, 1649, 1651Bonnie Brae, Houston, TX |
| Guarantor: |
None |
| Loan Funding Term: |
24 months |
| Original Loan Amount: |
$695,000 4/21/99 15% |
| Principal Balance: |
Unknown |
| Stage Funding Due: |
$50,000 estimated to finish |
| Title of Property: |
Big State (trustee for partnership) |
| Lien: |
First |
| Advances by Premiere: |
Unknown |
| Exit Strategy: |
sale of homes |
| General Partner: |
Roosevelt Advisors GP, LLC |
| Loan Maintenance by: |
Roosevelt Advisors GP, LLC |
| Description of Prop: |
Three town homes located at 1647, 1649 and 1651 Bonnie Brae; 3-stories in a U-shaped format with common driveway. |
Photo of Property, if available:
Notice: The information contained in this summary has been acquired by several sources; there are no warranties expressed or implied as to its accuracy and completeness. All information should be independently verified. Nothing contained on this site should be construed as legal advice. If you have legal issues, you should consult an attorney.
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