"Dear Karl Mertz:
Your B&B sounds wonderful. What is the value of the home? Are you able to pay off or pay down your loan?
We have a beautiful, 4-sided brick, estate style home on 6.73 park-like acres in Cleveland,…"
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Karl Mertz's Discussions
16,400 sq ft, brick, three-story OWNER FINANCED in Galesburg, IL Due to Illness
Due to illness, I'll finance my 16,400 sq ft, brick, three-story, former orphanage in Galesburg, IL. It's on a corner lot, just off the square, and across from city hall, the library, and police and…Continue
Tags: Owner, w/, Mansion), Financing, Due
Started Sep 23, 2011
OWNER FINANCED MS Coast's 1st B&B ('86) on 4 Acres (40+ Live Oaks & Magnolias)
1 Reply
Will wrap existing mtg. on Mississippi Coast area's first B&B, non-qualifying and below market, due to illness. Will accept cash and/or trade for $200K equity; diesel pusher, twin diesel yacht,…Continue
Started this discussion. Last reply by Barbara Heimanson Feb 13, 2012.
16,400 sq ft Former Orphanag w/ Owner Financing Due to Illness
Located in Galesburg, IL, a college and railroad town about 45 mins. west of Peoria, this 1930s, with 1950s addition, former orphanage would be ideal for a boutique hotel, honor dorm, or office or…Continue
Tags: possibility, hotel, office, building, mansion
Started Jun 14, 2010
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Barbara Heimanson replied to Karl Mertz's discussion OWNER FINANCED MS Coast's 1st B&B ('86) on 4 Acres (40+ Live Oaks & Magnolias)Karl Mertz posted a discussion16,400 sq ft Former Orphanag w/ Owner Financing Due to Illness
Located in Galesburg, IL, a college and railroad town about 45 mins. west of Peoria, this 1930s, with 1950s addition, former orphanage would be ideal for a boutique hotel, honor dorm, or office or apartment building. I'm not going through with my plans, due to aorta and iliac replacement sugery, and will offer owner financing, if necessary. I'll have it paid off with the Oct '10 payment. Obviously, at this price, it needs rehab, but about 95% of the wiring and panels have been redone, about 85%…See More
Karl Mertz replied to Independent Exchanger's discussion 180 Acres - Adjoins Thousands of State Land Acres - 100 Mile Views!"Maybe I missed it, but I didn't see an asking price. Please provide for whole, and for each tract.
I have serious equity in two commercial properties, each of which could be converted to residential estates. My MS Gulf Coast area B&B (the…"
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