Prepared by Terrance Jarrell Harris for Mr. Douglas Marshall. Updated August 7, 2026, to present a direct opening letter, the escrow timing, six-month lead period, June 2027 first interest payment, graceful interest-priority structure, phased build discretion after close, hardship relief, government-crisis tolling, and a full 72-month pay-date chart for review.
Purchase Price $5,000,000Down Payment $750,000Seller-Financed Balance $4,250,000Escrow Opens Oct 12, 2026Expected Close Nov 9, 2026First $40K Interest June 1, 2027Build Timing NLE Discretion After CloseMarshall Build-Phase Approval RequestedCO Refinance OptionNo Call-Due During TermAnnual Interest Reset Every 12 MonthsMr. Marshall,
I, Terrance Harris, am speaking directly to you in this opening letter so the purpose of this review page is clear before the numbered sections begin.
I understand that you want to use your points of administration, your escrow-company points, and your points of reference for the build and construction process the same way we discussed. I also understand that I am under your advisory and direction to complete this project in the manner we have been discussing.
Please know that I am aware of everything we have discussed, and nothing has changed. The interest-only format for escrow is important because that is the structure as discussed. Everything else I have added here is intended for the benefit of the entirety of the transaction — to give both sides clarity, a path to completion, and a respectful way to approve, disapprove, revise, and continue moving toward close.
When this draft is completed and approved by both of us, you will be able to take the completed approved document and provide it to escrow on October 12, 2026 for escrow instructions, with nothing further needing to follow except escrow/title/counsel forming the final documents from the approved response. My sending this page is my approval of the structure being presented for review; your approval, disapproval, or requested revisions will be your response so we can continue closing this out properly.
I also want to respectfully acknowledge the early payoff path. You can be paid off early through refinance after the build is complete and after a Certificate of Occupancy is provided by the City of Oakland. Once that Certificate of Occupancy is in hand, Noble LifeStyles Enterprise can begin entertaining refinance options. This means we are not necessarily locked into the entire 72-month period if the completed estate, timing, and financing market support an earlier refinance/payoff.
I will be working expeditiously and responsibly to get the project to a point where I can refinance out and get you all of your money. That is the goal. At the same time, this is the structure we need to start with so we have something clear in front of us to approve, disapprove, revise, and use to close this out.
Thank you for your consideration, your advisory, and your willingness to help bring this Oakland Hills vision forward.
Respectfully,
Terrance Harris
Noble LifeStyles Enterprise
The monthly structure is written as an interest-priority owner-finance arrangement.
The scheduled monthly payment beginning June 1, 2027 is the $40,000 seller interest payment.
The $100,000/month build/principal figure is shown as a good-faith planning target and performance goal. It is intended to support the estate build and/or principal reduction as operating performance allows, while still keeping the $40,000 seller interest payment as the priority.
If performance permits, Noble LifeStyles Enterprise may contribute more toward build completion or principal reduction and may pay down early without prepayment penalty. If project timing, permits, construction needs, or operating conditions require a different pace, the parties have a clear framework to review that respectfully without turning the plan into unnecessary pressure.
The interest/reset basis is reviewed and reset every twelve (12) months.
The first scheduled seller interest payment begins June 1, 2027. The first twelve-payment block runs from June 1, 2027 through May 1, 2028, with the reset review at the end of that block. The same 12-month reset review repeats each year during the contractual term unless escrow/title/counsel documents set a different written reset date.
The monthly interest amount is capped at $40,000 unless both parties later agree in writing. If Noble LifeStyles Enterprise voluntarily reduces principal through extra principal payments, refinance, partial payoff, sale proceeds, credit, or another approved reduction, the next annual reset may lower the monthly interest amount for the next twelve-month block.
This protects Mr. Marshall’s scheduled interest while fairly recognizing any principal reduction made by Noble LifeStyles Enterprise.
Building and finishing timing is at the discretion of Noble LifeStyles Enterprise after close of escrow.
Building, finishing, renovation, improvement, staging, and completion of the Oakland Hills estate may begin at any point after close of escrow, as Noble LifeStyles Enterprise determines practical, financially responsible, and appropriate.
This discretion remains subject to permits, inspections, law, safety, insurance, contractor availability, funding, and final escrow/title/counsel documents.
Mr. Douglas Marshall’s approval for the phased build concept is requested for escrow clarity.
Mr. Marshall is asked to review and approve the phases of the build/finish plan before close so escrow reflects that he understands the staged nature of the project. This is meant as a respectful disclosure and approval point—not a repeated warning and not an attempt to burden him with day-to-day construction decisions after close.
After build completion and once the Certificate of Occupancy is in hand, Noble LifeStyles Enterprise may pursue refinance/payoff at its discretion.
This option may include refinance, replacement financing, payoff, sale/refinance strategy, or another responsible takeout opportunity if available and beneficial. It is included to give the finished estate a clean path to better financing or payoff once the project is complete.
This refinance option is not intended to undermine, evade, or weaken the owner-finance contract. It is intended to support completion, stabilization, and responsible payoff when the Certificate of Occupancy creates the opportunity.
No call-due during the agreed contractual period and term.
The seller-financed balance is not to be called due, accelerated, demanded early, or treated as immediately payable during the agreed contractual period and term for any reason not expressly written into the final signed documents and enforceable under applicable law. The intent is that Buyer receives the benefit of the contractual term while scheduled performance continues, and Seller receives the agreed interest/payoff rights without an arbitrary early call.
| Component | Amount | Meaning |
|---|---|---|
| Down payment | $750,000 | Credited at/through escrow as approved. |
| Scheduled interest payments | $2,640,000 | 66 scheduled monthly interest payments × $40,000, from June 1, 2027 through November 1, 2032. |
| Principal payoff / maturity balance | $4,250,000 | Reduced by any voluntary principal paid earlier; otherwise addressed at maturity by payoff, refinance, sale, extension, tolling, or written modification. |
| Total full-term delivered/owed | $7,640,000 | Full-term total if no voluntary principal reduction is made before maturity. |
Mr. Marshall,
I want to pause before the charts and speak from the heart. I am full of joy, excitement, and enthusiasm regarding the opportunity you have provided me to pursue this estate through owner financing — especially because this is a rare and meaningful opportunity from one Black man to another Black man on a property and vision of this magnitude.
My desire is for the story around this purchase, the lead period, the build, the principal payoff, and eventually the deed being free and clear of lien to remain connected directly between you and me with honor, clarity, and mutual respect. I want the testimony to reflect that we worked together, stayed aligned, and brought the project forward in a way that respected both your position and the legacy I am trying to build.
Wherever possible, my heart is to preserve this story as one supported between us rather than making the first answer outside financing, outside lenders, or parties who have not carried or supported this particular story. I understand refinance may become a tool after completion and Certificate of Occupancy if it helps pay you off responsibly, but the spirit of what I am asking for here is that the foundation of the story remains rooted in this direct agreement, this trust, and this opportunity you are extending.
When the time is appropriate and the season comes, I want to be able to share this honestly as a testimony that can inspire African-American men and women nationwide — a story of ownership, discipline, patience, legacy, and two Black men finding a way to move a major vision forward with respect and structure.
Thank you for the opportunity, the advisory, and the consideration. My intent is to honor the structure, protect the agreement, build with excellence, and work toward principal payoff and a clean deed in a way that both of us can be proud of.
Respectfully,
Terrance Harris
Noble LifeStyles Enterprise
This restored chart gives Mr. Marshall more information in one place: all pay dates, lead months, seller payment count, scheduled interest, intended build/principal planning lane, cumulative interest, principal balance reference, 12-month reset context, and clear notes.
| # | Pay Date | Period | Seller Pmt # | Scheduled Interest | Build / Principal Planning Lane | Cumulative Interest | Principal Balance Reference | Note |
|---|---|---|---|---|---|---|---|---|
| 1 | December 1, 2026 | Lead Month 1 | — | $0 | Planning target begins as project timing allows | $0 | $4,250,000 | Lead period after close; project setup, planning, permits, funding, and build readiness. |
| 2 | January 1, 2027 | Lead Month 2 | — | $0 | Planning target begins as project timing allows | $0 | $4,250,000 | Lead period after close; project setup, planning, permits, funding, and build readiness. |
| 3 | February 1, 2027 | Lead Month 3 | — | $0 | Planning target begins as project timing allows | $0 | $4,250,000 | Lead period after close; project setup, planning, permits, funding, and build readiness. |
| 4 | March 1, 2027 | Lead Month 4 | — | $0 | Planning target begins as project timing allows | $0 | $4,250,000 | Lead period after close; project setup, planning, permits, funding, and build readiness. |
| 5 | April 1, 2027 | Lead Month 5 | — | $0 | Planning target begins as project timing allows | $0 | $4,250,000 | Lead period after close; project setup, planning, permits, funding, and build readiness. |
| 6 | May 1, 2027 | Lead Month 6 | — | $0 | Planning target begins as project timing allows | $0 | $4,250,000 | Lead period after close; project setup, planning, permits, funding, and build readiness. |
| 7 | June 1, 2027 | Seller Interest Payment #1 | 1 | $40,000 | $100K planning target / flexible timing | $40,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 8 | July 1, 2027 | Seller Interest Payment #2 | 2 | $40,000 | $100K planning target / flexible timing | $80,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 9 | August 1, 2027 | Seller Interest Payment #3 | 3 | $40,000 | $100K planning target / flexible timing | $120,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 10 | September 1, 2027 | Seller Interest Payment #4 | 4 | $40,000 | $100K planning target / flexible timing | $160,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 11 | October 1, 2027 | Seller Interest Payment #5 | 5 | $40,000 | $100K planning target / flexible timing | $200,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 12 | November 1, 2027 | Seller Interest Payment #6 | 6 | $40,000 | $100K planning target / flexible timing | $240,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 13 | December 1, 2027 | Seller Interest Payment #7 | 7 | $40,000 | $100K planning target / flexible timing | $280,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 14 | January 1, 2028 | Seller Interest Payment #8 | 8 | $40,000 | $100K planning target / flexible timing | $320,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 15 | February 1, 2028 | Seller Interest Payment #9 | 9 | $40,000 | $100K planning target / flexible timing | $360,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 16 | March 1, 2028 | Seller Interest Payment #10 | 10 | $40,000 | $100K planning target / flexible timing | $400,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 17 | April 1, 2028 | Seller Interest Payment #11 | 11 | $40,000 | $100K planning target / flexible timing | $440,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 18 | May 1, 2028 | Seller Interest Payment #12 | 12 | $40,000 | $100K planning target / flexible timing | $480,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 19 | June 1, 2028 | Seller Interest Payment #13 | 13 | $40,000 | $100K planning target / flexible timing | $520,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 20 | July 1, 2028 | Seller Interest Payment #14 | 14 | $40,000 | $100K planning target / flexible timing | $560,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 21 | August 1, 2028 | Seller Interest Payment #15 | 15 | $40,000 | $100K planning target / flexible timing | $600,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 22 | September 1, 2028 | Seller Interest Payment #16 | 16 | $40,000 | $100K planning target / flexible timing | $640,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 23 | October 1, 2028 | Seller Interest Payment #17 | 17 | $40,000 | $100K planning target / flexible timing | $680,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 24 | November 1, 2028 | Seller Interest Payment #18 | 18 | $40,000 | $100K planning target / flexible timing | $720,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 25 | December 1, 2028 | Seller Interest Payment #19 | 19 | $40,000 | $100K planning target / flexible timing | $760,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 26 | January 1, 2029 | Seller Interest Payment #20 | 20 | $40,000 | $100K planning target / flexible timing | $800,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 27 | February 1, 2029 | Seller Interest Payment #21 | 21 | $40,000 | $100K planning target / flexible timing | $840,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 28 | March 1, 2029 | Seller Interest Payment #22 | 22 | $40,000 | $100K planning target / flexible timing | $880,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 29 | April 1, 2029 | Seller Interest Payment #23 | 23 | $40,000 | $100K planning target / flexible timing | $920,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 30 | May 1, 2029 | Seller Interest Payment #24 | 24 | $40,000 | $100K planning target / flexible timing | $960,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 31 | June 1, 2029 | Seller Interest Payment #25 | 25 | $40,000 | $100K planning target / flexible timing | $1,000,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 32 | July 1, 2029 | Seller Interest Payment #26 | 26 | $40,000 | $100K planning target / flexible timing | $1,040,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 33 | August 1, 2029 | Seller Interest Payment #27 | 27 | $40,000 | $100K planning target / flexible timing | $1,080,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 34 | September 1, 2029 | Seller Interest Payment #28 | 28 | $40,000 | $100K planning target / flexible timing | $1,120,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 35 | October 1, 2029 | Seller Interest Payment #29 | 29 | $40,000 | $100K planning target / flexible timing | $1,160,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 36 | November 1, 2029 | Seller Interest Payment #30 | 30 | $40,000 | $100K planning target / flexible timing | $1,200,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 37 | December 1, 2029 | Seller Interest Payment #31 | 31 | $40,000 | $100K planning target / flexible timing | $1,240,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 38 | January 1, 2030 | Seller Interest Payment #32 | 32 | $40,000 | $100K planning target / flexible timing | $1,280,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 39 | February 1, 2030 | Seller Interest Payment #33 | 33 | $40,000 | $100K planning target / flexible timing | $1,320,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 40 | March 1, 2030 | Seller Interest Payment #34 | 34 | $40,000 | $100K planning target / flexible timing | $1,360,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 41 | April 1, 2030 | Seller Interest Payment #35 | 35 | $40,000 | $100K planning target / flexible timing | $1,400,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 42 | May 1, 2030 | Seller Interest Payment #36 | 36 | $40,000 | $100K planning target / flexible timing | $1,440,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 43 | June 1, 2030 | Seller Interest Payment #37 | 37 | $40,000 | $100K planning target / flexible timing | $1,480,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 44 | July 1, 2030 | Seller Interest Payment #38 | 38 | $40,000 | $100K planning target / flexible timing | $1,520,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 45 | August 1, 2030 | Seller Interest Payment #39 | 39 | $40,000 | $100K planning target / flexible timing | $1,560,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 46 | September 1, 2030 | Seller Interest Payment #40 | 40 | $40,000 | $100K planning target / flexible timing | $1,600,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 47 | October 1, 2030 | Seller Interest Payment #41 | 41 | $40,000 | $100K planning target / flexible timing | $1,640,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 48 | November 1, 2030 | Seller Interest Payment #42 | 42 | $40,000 | $100K planning target / flexible timing | $1,680,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 49 | December 1, 2030 | Seller Interest Payment #43 | 43 | $40,000 | $100K planning target / flexible timing | $1,720,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 50 | January 1, 2031 | Seller Interest Payment #44 | 44 | $40,000 | $100K planning target / flexible timing | $1,760,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 51 | February 1, 2031 | Seller Interest Payment #45 | 45 | $40,000 | $100K planning target / flexible timing | $1,800,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 52 | March 1, 2031 | Seller Interest Payment #46 | 46 | $40,000 | $100K planning target / flexible timing | $1,840,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 53 | April 1, 2031 | Seller Interest Payment #47 | 47 | $40,000 | $100K planning target / flexible timing | $1,880,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 54 | May 1, 2031 | Seller Interest Payment #48 | 48 | $40,000 | $100K planning target / flexible timing | $1,920,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 55 | June 1, 2031 | Seller Interest Payment #49 | 49 | $40,000 | $100K planning target / flexible timing | $1,960,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 56 | July 1, 2031 | Seller Interest Payment #50 | 50 | $40,000 | $100K planning target / flexible timing | $2,000,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 57 | August 1, 2031 | Seller Interest Payment #51 | 51 | $40,000 | $100K planning target / flexible timing | $2,040,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 58 | September 1, 2031 | Seller Interest Payment #52 | 52 | $40,000 | $100K planning target / flexible timing | $2,080,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 59 | October 1, 2031 | Seller Interest Payment #53 | 53 | $40,000 | $100K planning target / flexible timing | $2,120,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 60 | November 1, 2031 | Seller Interest Payment #54 | 54 | $40,000 | $100K planning target / flexible timing | $2,160,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 61 | December 1, 2031 | Seller Interest Payment #55 | 55 | $40,000 | $100K planning target / flexible timing | $2,200,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 62 | January 1, 2032 | Seller Interest Payment #56 | 56 | $40,000 | $100K planning target / flexible timing | $2,240,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 63 | February 1, 2032 | Seller Interest Payment #57 | 57 | $40,000 | $100K planning target / flexible timing | $2,280,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 64 | March 1, 2032 | Seller Interest Payment #58 | 58 | $40,000 | $100K planning target / flexible timing | $2,320,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 65 | April 1, 2032 | Seller Interest Payment #59 | 59 | $40,000 | $100K planning target / flexible timing | $2,360,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 66 | May 1, 2032 | Seller Interest Payment #60 | 60 | $40,000 | $100K planning target / flexible timing | $2,400,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 67 | June 1, 2032 | Seller Interest Payment #61 | 61 | $40,000 | $100K planning target / flexible timing | $2,440,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 68 | July 1, 2032 | Seller Interest Payment #62 | 62 | $40,000 | $100K planning target / flexible timing | $2,480,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 69 | August 1, 2032 | Seller Interest Payment #63 | 63 | $40,000 | $100K planning target / flexible timing | $2,520,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 70 | September 1, 2032 | Seller Interest Payment #64 | 64 | $40,000 | $100K planning target / flexible timing | $2,560,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 71 | October 1, 2032 | Seller Interest Payment #65 | 65 | $40,000 | $100K planning target / flexible timing | $2,600,000 | $4,250,000 | Scheduled interest is the priority. Additional build/principal support is intended as enterprise performance allows. |
| 72 | November 1, 2032 | Seller Interest Payment #66 | 66 | $40,000 | $100K planning target / flexible timing | $2,640,000 | $4,250,000 | Maturity review / final payoff point unless principal has been paid earlier, refinanced, sold, extended, tolled, or modified in writing. |
Short 9A letter — staying together, building legacy, and paying down principal.
Mr. Marshall, nothing has changed in the spirit of what we discussed. My desire is still to build, finish, perform, and pay this down in a way that keeps the legacy, the testimony, and the story connected between us.
I want this to remain a story of two African-American men working together with honor, discipline, faith, and mutual respect — not just a transaction, but a testimony of what can happen when we stay aligned, keep our word, and build something meaningful through wisdom and patience.
The chart below shows what it can look like if we stay together inside this structure: the build gets funded first, then that same lane begins moving toward principal paydown. My heart is to preserve the relationship, honor your position, finish the estate, and create a result that speaks well of both of us and the legacy attached to this project.
This is a separate demonstration chart after the 9A pay-date chart.
This chart demonstrates the planning concept discussed previously: $100,000/month paid into the build for 12 months, with the cumulative build fund shown month by month. Then, the following month after the 12-month build lane is complete, that same $100,000 planning lane is shown redirecting toward seller principal paydown.
It also shows the cumulative interest, cumulative principal payoff, monthly build contribution, cumulative build fund, and remaining principal balance reference in one place. This is a planning demonstration for review and escrow discussion, not a replacement for Section 9.
| # | Month | Phase | Scheduled Interest | Cumulative Interest | Build Contribution | Cumulative Build Fund | Principal Paydown | Cumulative Principal Paid | Principal Balance Reference | Note |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | December 1, 2026 | Lead / setup | $0 | $0 | $0 | $0 | $0 | $0 | $4,250,000 | Lead period; no seller interest due. |
| 2 | January 1, 2027 | Lead / setup | $0 | $0 | $0 | $0 | $0 | $0 | $4,250,000 | Lead period; no seller interest due. |
| 3 | February 1, 2027 | Lead / setup | $0 | $0 | $0 | $0 | $0 | $0 | $4,250,000 | Lead period; no seller interest due. |
| 4 | March 1, 2027 | Lead / setup | $0 | $0 | $0 | $0 | $0 | $0 | $4,250,000 | Lead period; no seller interest due. |
| 5 | April 1, 2027 | Lead / setup | $0 | $0 | $0 | $0 | $0 | $0 | $4,250,000 | Lead period; no seller interest due. |
| 6 | May 1, 2027 | Lead / setup | $0 | $0 | $0 | $0 | $0 | $0 | $4,250,000 | Lead period; no seller interest due. |
| 7 | June 1, 2027 | Build funding demonstration | $40,000 | $40,000 | $100,000 | $100,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 8 | July 1, 2027 | Build funding demonstration | $40,000 | $80,000 | $100,000 | $200,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 9 | August 1, 2027 | Build funding demonstration | $40,000 | $120,000 | $100,000 | $300,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 10 | September 1, 2027 | Build funding demonstration | $40,000 | $160,000 | $100,000 | $400,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 11 | October 1, 2027 | Build funding demonstration | $40,000 | $200,000 | $100,000 | $500,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 12 | November 1, 2027 | Build funding demonstration | $40,000 | $240,000 | $100,000 | $600,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 13 | December 1, 2027 | Build funding demonstration | $40,000 | $280,000 | $100,000 | $700,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 14 | January 1, 2028 | Build funding demonstration | $40,000 | $320,000 | $100,000 | $800,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 15 | February 1, 2028 | Build funding demonstration | $40,000 | $360,000 | $100,000 | $900,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 16 | March 1, 2028 | Build funding demonstration | $40,000 | $400,000 | $100,000 | $1,000,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 17 | April 1, 2028 | Build funding demonstration | $40,000 | $440,000 | $100,000 | $1,100,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 18 | May 1, 2028 | Build funding demonstration | $40,000 | $480,000 | $100,000 | $1,200,000 | $0 | $0 | $4,250,000 | $100,000 demonstration build contribution; cumulative build fund increases. |
| 19 | June 1, 2028 | Redirected to principal paydown | $40,000 | $520,000 | $0 | $1,200,000 | $100,000 | $100,000 | $4,150,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 20 | July 1, 2028 | Redirected to principal paydown | $40,000 | $560,000 | $0 | $1,200,000 | $100,000 | $200,000 | $4,050,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 21 | August 1, 2028 | Redirected to principal paydown | $40,000 | $600,000 | $0 | $1,200,000 | $100,000 | $300,000 | $3,950,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 22 | September 1, 2028 | Redirected to principal paydown | $40,000 | $640,000 | $0 | $1,200,000 | $100,000 | $400,000 | $3,850,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 23 | October 1, 2028 | Redirected to principal paydown | $40,000 | $680,000 | $0 | $1,200,000 | $100,000 | $500,000 | $3,750,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 24 | November 1, 2028 | Redirected to principal paydown | $40,000 | $720,000 | $0 | $1,200,000 | $100,000 | $600,000 | $3,650,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 25 | December 1, 2028 | Redirected to principal paydown | $40,000 | $760,000 | $0 | $1,200,000 | $100,000 | $700,000 | $3,550,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 26 | January 1, 2029 | Redirected to principal paydown | $40,000 | $800,000 | $0 | $1,200,000 | $100,000 | $800,000 | $3,450,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 27 | February 1, 2029 | Redirected to principal paydown | $40,000 | $840,000 | $0 | $1,200,000 | $100,000 | $900,000 | $3,350,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 28 | March 1, 2029 | Redirected to principal paydown | $40,000 | $880,000 | $0 | $1,200,000 | $100,000 | $1,000,000 | $3,250,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 29 | April 1, 2029 | Redirected to principal paydown | $40,000 | $920,000 | $0 | $1,200,000 | $100,000 | $1,100,000 | $3,150,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 30 | May 1, 2029 | Redirected to principal paydown | $40,000 | $960,000 | $0 | $1,200,000 | $100,000 | $1,200,000 | $3,050,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 31 | June 1, 2029 | Redirected to principal paydown | $40,000 | $1,000,000 | $0 | $1,200,000 | $100,000 | $1,300,000 | $2,950,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 32 | July 1, 2029 | Redirected to principal paydown | $40,000 | $1,040,000 | $0 | $1,200,000 | $100,000 | $1,400,000 | $2,850,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 33 | August 1, 2029 | Redirected to principal paydown | $40,000 | $1,080,000 | $0 | $1,200,000 | $100,000 | $1,500,000 | $2,750,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 34 | September 1, 2029 | Redirected to principal paydown | $40,000 | $1,120,000 | $0 | $1,200,000 | $100,000 | $1,600,000 | $2,650,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 35 | October 1, 2029 | Redirected to principal paydown | $40,000 | $1,160,000 | $0 | $1,200,000 | $100,000 | $1,700,000 | $2,550,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 36 | November 1, 2029 | Redirected to principal paydown | $40,000 | $1,200,000 | $0 | $1,200,000 | $100,000 | $1,800,000 | $2,450,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 37 | December 1, 2029 | Redirected to principal paydown | $40,000 | $1,240,000 | $0 | $1,200,000 | $100,000 | $1,900,000 | $2,350,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 38 | January 1, 2030 | Redirected to principal paydown | $40,000 | $1,280,000 | $0 | $1,200,000 | $100,000 | $2,000,000 | $2,250,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 39 | February 1, 2030 | Redirected to principal paydown | $40,000 | $1,320,000 | $0 | $1,200,000 | $100,000 | $2,100,000 | $2,150,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 40 | March 1, 2030 | Redirected to principal paydown | $40,000 | $1,360,000 | $0 | $1,200,000 | $100,000 | $2,200,000 | $2,050,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 41 | April 1, 2030 | Redirected to principal paydown | $40,000 | $1,400,000 | $0 | $1,200,000 | $100,000 | $2,300,000 | $1,950,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 42 | May 1, 2030 | Redirected to principal paydown | $40,000 | $1,440,000 | $0 | $1,200,000 | $100,000 | $2,400,000 | $1,850,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 43 | June 1, 2030 | Redirected to principal paydown | $40,000 | $1,480,000 | $0 | $1,200,000 | $100,000 | $2,500,000 | $1,750,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 44 | July 1, 2030 | Redirected to principal paydown | $40,000 | $1,520,000 | $0 | $1,200,000 | $100,000 | $2,600,000 | $1,650,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 45 | August 1, 2030 | Redirected to principal paydown | $40,000 | $1,560,000 | $0 | $1,200,000 | $100,000 | $2,700,000 | $1,550,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 46 | September 1, 2030 | Redirected to principal paydown | $40,000 | $1,600,000 | $0 | $1,200,000 | $100,000 | $2,800,000 | $1,450,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 47 | October 1, 2030 | Redirected to principal paydown | $40,000 | $1,640,000 | $0 | $1,200,000 | $100,000 | $2,900,000 | $1,350,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 48 | November 1, 2030 | Redirected to principal paydown | $40,000 | $1,680,000 | $0 | $1,200,000 | $100,000 | $3,000,000 | $1,250,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 49 | December 1, 2030 | Redirected to principal paydown | $40,000 | $1,720,000 | $0 | $1,200,000 | $100,000 | $3,100,000 | $1,150,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 50 | January 1, 2031 | Redirected to principal paydown | $40,000 | $1,760,000 | $0 | $1,200,000 | $100,000 | $3,200,000 | $1,050,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 51 | February 1, 2031 | Redirected to principal paydown | $40,000 | $1,800,000 | $0 | $1,200,000 | $100,000 | $3,300,000 | $950,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 52 | March 1, 2031 | Redirected to principal paydown | $40,000 | $1,840,000 | $0 | $1,200,000 | $100,000 | $3,400,000 | $850,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 53 | April 1, 2031 | Redirected to principal paydown | $40,000 | $1,880,000 | $0 | $1,200,000 | $100,000 | $3,500,000 | $750,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 54 | May 1, 2031 | Redirected to principal paydown | $40,000 | $1,920,000 | $0 | $1,200,000 | $100,000 | $3,600,000 | $650,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 55 | June 1, 2031 | Redirected to principal paydown | $40,000 | $1,960,000 | $0 | $1,200,000 | $100,000 | $3,700,000 | $550,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 56 | July 1, 2031 | Redirected to principal paydown | $40,000 | $2,000,000 | $0 | $1,200,000 | $100,000 | $3,800,000 | $450,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 57 | August 1, 2031 | Redirected to principal paydown | $40,000 | $2,040,000 | $0 | $1,200,000 | $100,000 | $3,900,000 | $350,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 58 | September 1, 2031 | Redirected to principal paydown | $40,000 | $2,080,000 | $0 | $1,200,000 | $100,000 | $4,000,000 | $250,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 59 | October 1, 2031 | Redirected to principal paydown | $40,000 | $2,120,000 | $0 | $1,200,000 | $100,000 | $4,100,000 | $150,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 60 | November 1, 2031 | Redirected to principal paydown | $40,000 | $2,160,000 | $0 | $1,200,000 | $100,000 | $4,200,000 | $50,000 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 61 | December 1, 2031 | Redirected to principal paydown | $40,000 | $2,200,000 | $0 | $1,200,000 | $50,000 | $4,250,000 | $0 | After 12 build months, the same $100,000 planning lane redirects to seller principal paydown. |
| 62 | January 1, 2032 | Lead / setup | $40,000 | $2,240,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 63 | February 1, 2032 | Lead / setup | $40,000 | $2,280,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 64 | March 1, 2032 | Lead / setup | $40,000 | $2,320,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 65 | April 1, 2032 | Lead / setup | $40,000 | $2,360,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 66 | May 1, 2032 | Lead / setup | $40,000 | $2,400,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 67 | June 1, 2032 | Lead / setup | $40,000 | $2,440,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 68 | July 1, 2032 | Lead / setup | $40,000 | $2,480,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 69 | August 1, 2032 | Lead / setup | $40,000 | $2,520,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 70 | September 1, 2032 | Lead / setup | $40,000 | $2,560,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 71 | October 1, 2032 | Lead / setup | $40,000 | $2,600,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| 72 | November 1, 2032 | Lead / setup | $40,000 | $2,640,000 | $0 | $1,200,000 | $0 | $4,250,000 | $0 | Lead period; no seller interest due. |
| Year | Scheduled Interest | Note |
|---|---|---|
| 2026 | $0 | Escrow/close and lead starts December 1. |
| 2027 | $280,000 | First interest payment June 1; seven payments June–December. |
| 2028 | $480,000 | Twelve scheduled interest payments. |
| 2029 | $480,000 | Twelve scheduled interest payments. |
| 2030 | $480,000 | Twelve scheduled interest payments. |
| 2031 | $480,000 | Twelve scheduled interest payments. |
| 2032 | $440,000 | Eleven scheduled interest payments through November 1 maturity review. |
| Total | $2,640,000 | Full 66 interest-payment schedule if carried to maturity. |
Mr. Marshall may click Approve or Disapprove / revise on each approval point below.
Each selection and note is connected to the sign-off form below. When he clicks Send complete approval response to Terrance, the complete checklist is sent to noblelifestyles1@icloud.com.
The final escrow/title/counsel draft will be formed from Mr. Marshall’s responses, approvals, disapprovals, and notes.
| Approval Point | Approve | Disapprove / revise | Notes for final draft |
|---|---|---|---|
| Escrow opening October 12, 2026 and expected close November 9, 2026. | |||
| Six-month lead beginning December 1, 2026. | |||
| First scheduled $40,000 interest payment June 1, 2027. | |||
| Annual interest reset every twelve (12) months with monthly interest capped at $40,000 unless changed by written agreement. | |||
| $100K build/principal as a good-faith planning target and performance lane. | |||
| Early payoff / extra principal without prepayment penalty. | |||
| Three hardship relief events and government-recognized crisis tolling. | |||
| Noble LifeStyles Enterprise discretion over build/finish timing after close of escrow. | |||
| Phased build/finish concept as an escrow-contract acknowledgement before close. | |||
| Certificate-of-Occupancy refinance option under Noble LifeStyles Enterprise discretion, not to undermine the contract. | |||
| No call-due / no arbitrary acceleration during the contractual period and term. |
Complete approval/disapproval checklist with notes.
Mr. Marshall can approve or disapprove each Box 11 item and add notes. When submitted, the complete response is emailed to Terrance at noblelifestyles1@icloud.com. The final draft will be formed from this response together with escrow/title/counsel preparation.
Because this uses a free email-form path, FormSubmit may require one-time activation in the inbox. SMS / WhatsApp buttons remain as manual free share options.
Additional schedules will be provided after receipt and legal escrow review.
Because this is being handled as a legal escrow matter, the detailed payoff schedule/principal schedule, build schedule, and refinance option schedule — including refinance paths that may be explored as early as the 24-month point if the project and Certificate-of-Occupancy progress support it — will be sent after receipt/review so the final numbers can be formed cleanly with escrow, title, and counsel.
The structure shown here is the respectful baseline framework. Noble LifeStyles Enterprise’s performance goal is to operate exceedingly and abundantly above the structure presented, above the written base assumptions, and above personal expectation, while still honoring the escrow-approved agreement and protecting Mr. Marshall’s position.
Terrance’s position is that full acceleration is ultimately in God’s hands; however, Noble LifeStyles Enterprise is prepared, willing, and positioned to move aggressively if the opportunity opens. The intent is simple: be ready, perform honorably, and accelerate responsibly when the business, build, financing, and timing align.
Plain-language closing: Mr. Marshall, this page is meant to show the baseline protection and review structure. The follow-up schedules will show the upside path. The goal is not to do the minimum — the goal is to finish strong, protect the agreement, and be ready for acceleration when God opens the door.
The matching contract PDF draft is included with this review site. The PDF should still be reviewed by escrow/title/counsel before signature.