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The Days Inn on exit 101 in Cordele had a dispute with the franchiser and was de-branded. The sales dropped from $45,000.00 per month to $15,000.00. The mortgagee, Kirishna Investments, LLC owes Cordele Properties Investments, LLC $1,800,000.00 on the mortgage. Cordele Properties LLC has offered to sell it's mortgage for $1,050,000.00 net to the seller because the Motel is in default due to being de-branded by Days Inn The Owner of the Mortgage believes that the motel will be in trouble in a matter of months. The owner is willing to short sell the note and the hotel for $1,050,000.00 The land Across the interstate sold a couple months ago for $600,000 an acre with a closed hotel that had to be demolished.
If required by the Buyer the Mortgage Holder will take possession of the property and deliver to the Buyer.
For more information click on [CONTACT THE SELLER] on the web page to receive photos and financial data. NO INFORMATION GIVEN OVER THE PHONE
Whitfield County, GA
Camden County, GA
Dekalb County, GA
Stone Mountain, GA
Union City, GA
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