Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

Your Inside Track to Bank-Direct Deals and Properties.

Sign Up
Available for Principals Only. Contact for more details.
Menu

Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs. 

To obtain financials and more details, Proof of Funds (POF), Letter of Interest (LOI) and NDA will be required.

OFF MARKET Distressed Notes - View All

← Go back

Photo
Property TypeSingle Family
LocationTruckee, California
TitleDefaulted 2nd Loan on 2 Story Single Family Cabin Home Steps To Lake Donner near Lake Tahoe Great for AIR BNB Income
Summary

Defaulted 2nd Loan on 2 Story Single Family Cabin Home Steps To
Lake Donner in Truckee Ca 20 Minutes to Lake Tahoe
3 Bedrooms and 2 Bathrooms - 2031 SF on 4792 SF Lot - Built in 2006

Details

PROPERTY DETAILS
This gorgeous 2 story single family home is located just 1 block from Donner Lake and eligible for the exclusive private Donner Lake property owners beach and buoys! This cabin oozes warmth and a welcoming atmosphere with the deck and porches
featuring lovely filtered Lake and Mountain Views.
Perfect for vacation home and rental income with average nightly rental rates at $400.

Note Details

1st Loan is at just over $600,000
Original 2nd Loan Amount $190,000
Original Interest Rate 12.00%
Default rate now at 22.00%
Maturity date April 2025
Valued at $1,380,000+

Current Unpaid Balance$240,000.00
Date UpdatedApril 20, 2025