Moreland Hills, OH Highlights

A grand contemporary colonial home situated on a wooded two acre lot on one of Moreland Hill’s most prestigious streets. Approximately 11,700 square feet that includes 5 bedrooms and 8 bathrooms. The first floor includes the master suite with sitting room and fireplace, formal living room and dining room, kitchen, and two-story great room.  A curved staircase takes you to the second floor complete with 4 bedrooms including to en-suite bathrooms and a jack and jill.  The lower level features a full kitchen, media room, bar, two additional bonus rooms, and one and one-half baths.  Outdoors you will find professional landscaping surrounding the circular driveway that leads to the 4-car garage, and in the backyard, a sprawling deck that surrounds the in-ground, kidney shaped pool.

About the Neighborhood

The Village of Moreland Hills is an affluent suburb of the Cleveland metropolitan area in Cuyahoga County.  Located just 14 miles to the East of Cleveland, the village’s small size and expansive homes combine to make it one of the region’s most exclusive communities.  Most residents own their homes with a median home value of $463,000.00 and median household income of $182,100.00.  The public schools are highly rated and ranked as the #13  place with the best schools in Ohio as well as the #13 suburb in Ohio with the best schools by Niche.  Moreland Hills is one of the best places to live in Ohio offering residents a rural feel with wide open spaces offering some of the best views in the Midwest, allowing residents to enjoy nature’s beauty right in their own backyard.  You get to enjoy the best of two worlds here – the relaxing tranquility of a still mostly rural setting and the nearby conveniences of the big city.

Seniority

The first-priority mortgage lien position is the most senior and highest priority within the capital structure. In the event that a borrower defaults, the lien priority determines the order in which lenders are repaid. Senior lenders are always repaid first. All subordinated positions, including the amount held by the Originator and its investor syndicate, act as a buffer in the event of a deterioration in the Properties’ value.

Personal Guarantee

The Loans are personally guaranteed by the borrower, spouse, and all principals in the LLC. Additionally, the Sponsor and/or Guarantor are obligated to contribute monthly payments to maintain a tax and insurance reserve. Failure to adhere to reserve contribution requirements would lead to the triggering of a debt service and operating expense/shortfall guarantee.