PLPARROTTS LANDINGDOUGLAS LAKE · TENNESSEE
Aerial photograph of Parrotts Landing, its wooded setting and Douglas Lake

A PLACE TO ESCAPE. AN OPPORTUNITY TO PARTICIPATE.

A little closer
to the extraordinary.

An existing Smoky Mountains vacation rental. Two six-month bridge options with monthly interest payments and principal repaid at maturity.

Explore the bridge options ↗
229 PARROTTS LANDING WAY
SEVIERVILLE, TN 37876
SIX MONTHS · MONTHLY INTEREST · PRINCIPAL AT MATURITY

THE OPPORTUNITY

A distinctive place.
A focused bridge.

Two options. One six-month horizon.

A proposed short-term bridge for Parrotts Landing, an established vacation rental near Douglas Lake. Choose $90,000 at 10% annual interest or $120,000 at 12.5% annual interest, with monthly interest-only payments and the principal due at the end of six months.

01 / THE PROPERTY

Cabin character.
Lake-country living.

View the existing rental listing ↗
Cedar log cabin exterior surrounded by trees
Three stories of cabin living in Sevierville, Tennessee.

A tangible property.
A guest-ready setting.

The existing property package describes approximately 3,000 square feet, four bedrooms and three-and-a-half bathrooms, marketed for up to 10 guests.

4Bedrooms
3.5Bathrooms
3,000Approx. sq. ft.
10Marketed guest capacity
Floating dock connected by stairs to the wooded shoreline

AT THE WATER’S EDGE

Lake days.
Slower evenings.

The existing rental package includes dock and lake access, a hot tub, recreation room and outdoor fire pit.

02 / THE SIX-MONTH BRIDGE

Monthly interest.
A clear six-month term.

Select an option to explore the payment schedule. Both structures pay interest monthly, with principal due at maturity.

PROPOSED BRIDGE PRINCIPAL$90,000

Six-month term
Interest-only monthly payments

Annual interest10%
Monthly interest$750
Term6 months from funding
Principal repaymentBalloon at the end of month 6
DocumentationSigned promissory note
MONTHS 1–5$750 / month

Monthly interest-only payments.

MONTH 6 · PRINCIPAL + FINAL INTEREST$90,750

Principal plus the final monthly interest payment.

FULL SIX-MONTH TERM$94,500

$4,500 total interest plus $90,000 principal.

03 / THE FINANCIAL PICTURE

A tangible asset.
A financial snapshot.

Property figures from the existing owner-supplied financing package.

OWNER-ESTIMATED PROPERTY VALUE$985,000

Owner estimate · September 2026 package

REPORTED MORTGAGE BALANCE$568,571

Historical balance · not a current payoff

REPORTED MONTHLY RENTAL REVENUE$5,750/ mo.

Gross revenue before expenses and debt service

BRIDGE TERM6 months

Monthly interest · principal at maturity

An existing first mortgage remains on the property. Pending Splitero financing is part of the financing context; its final status and terms remain to be confirmed.

Table setting with wine and strawberries on the cabin's covered porch

EXPLORE THE WHOLE PROPERTY

A closer look.
A place apart.

View the complete Airbnb photo gallery ↗

LET’S START A CONVERSATION

The next step
is personal.

Alphonso Dormun

Property owner · Direct contact

alphie253@gmail.com ↗

678-575-1573