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Vita Watt Surprise, LLC #4641 | ARIZONA – COMING SOON!

The collateral for this loan is 15.09 acres of land on the Southwest corner of W Cactus Rd and N Reems Rd in Surprise, AZ (approximately 30 miles northwest of downtown Phoenix, AZ). Since the borrower went under contract to acquire the site 15 months ago, they have successfully worked with the city to approve a 150-unit apartment complex. Of the 150 units, 22 are studio apartments (15%), 38 are one bedroom (26%), and 90 (59%) are two-bedroom units. The borrower anticipates receiving their grading permit and construction loan in six months, at which point the loan will be paid off. The construction loan for this project will go towards the total project cost of $30,000,000. Loan Amount: $3,000,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity.

Vita Watt Southern, LLC #4640 | ARIZONA – COMING SOON!

The collateral for this loan is 17.76 acres of land on the Southwest corner of 59th Ave and Southern Ave in Phoenix, AZ (approximately 10 miles southwest of downtown Phoenix, AZ). Since the borrower went under contract to acquire the site in August, they have successfully worked with the city to approve a 199-unit apartment complex. Of the 199 units, 28 are studio apartments (14%), 54 are one bedroom (27%), and 117 (59%) are two-bedroom units. The borrower anticipates receiving their grading permit and construction loan in six months, at which point the loan will be paid off. The construction loan for this project will go towards the total project cost of $41,000,000. Loan Amount: $4,100,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity

Harmony461, LLC #4637 | NEVADA

First Trust Deed collateralized by 26 approximately 0.08 acre fully completed residential lots located in the Northridge community in North Las Vegas, Nevada.  This community comes on the heels of the borrower selling out of the 100-lot community kitty-corner to this one as well as the 93-lot community directly to the east of the community. Since the borrower has sold out of both the existing communities over the past few years, the borrower knows exactly what the home buyers in the area want in the form of floor plans and price points. With that said, this 119-lot community known as Northridge will have an average sales price of $290,000 and average 2,000 square feet in size. The borrower began closing homes within the community in December of 2018 and is anticipated to sell out of the community in the summer of 2021. Loan Amount: $1,274,000 Yield: 10.50% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.  

Harmony Homes Nevada, LLC #4638 | NEVADA

First Trust Deed collateralized by 30 acres of land located near Highway 215 and Centennial Parkway in Las Vegas, NV (roughly 18 miles Northwest of downtown Las Vegas, NV). The community is well located near shops and amenities for potential homeowners. Since winning the Bureau of Land Management auction in September of 2019, the borrower has begun work with the city to get the property zoned to allow the development of a 336-lot community. Although the final approvals have not been obtained, the borrower is acquiring the property with the expectation of starting site work in September of this year. Development work is expected to be completed in July of 2021 at which point home sales will begin. The sale prices of the town homes are expected to start at $250,000 and average 1,300 square foot per unit. Loan Amount: $7,400,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

Phoenix Care Partners, LLC #4635 | ARIZONA – FUNDED

First Trust Deed collateralized by a partially completed, 17,790 square foot geriatric behavioral hospital near the Maricopa Freeway and 7th Ave which is approximately 2 miles southwest of downtown Phoenix, Arizona. The facility will have 20 client units with a total of 40 rentable beds. Directly across from this 1.003-acre site is an Urgent Psychiatric Care Center that pairs well with the borrower’s intended use. Since acquiring the site, the borrower successfully obtained the desired zoning change to allow the construction of this facility and has begun construction on the site. As of January 2020, the borrower was almost finished with the demo of the interior of the building. It is anticipated the facility will be completed and operational by the end of 2020. Once the building is operational, it will be managed by ERS1 Management who is led by Ron Stewart. The management team has a combined experience in the senior healthcare arena of over 150 years. Loan Amount: $6,800,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 9 months with one optional nine-month extension

Back In The Saddle, LLC #4634 | NEVADA – FUNDED

The collateral for this loan is 9.25 acres of land in Sloan, NV (approximately 20 miles south of Las Vegas, NV). The borrower is acquiring two separate parcels from two separate sellers. It is the intent of the borrower to work with the city to get the zoning approval for an industrial development. Once the zoning is approved, the borrower will pay the loan off before obtaining a construction loan for a 174,600 square foot industrial building. The principals of the borrower have worked in the industrial real estate sector of Las Vegas for a combined four decades. Loan Amount: $2,570,000 Yield: 11.0% Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity

Gold Rose Construction, LLC #4633 | NEVADA – FUNDED

The collateral for this loan is an 8,536 square foot home located in Northern part of Las Vegas (approximately 18 miles northwest of downtown Las Vegas, NV). The home consists of 11 rooms, 4 bedrooms, and 4.25 baths. Additional features of the home include 3 fireplaces and an 8-car garage. The most important feature of the home is the 4.13-acre lot the home sits on. Most homes in this area are on half acre lots. Given the size of the lot, the borrower plans on working with the city to allow 4 lots to be built. If approved, this will unlock a considerable amount of value. Loan Amount: $1,600,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity.

Harmony Homes Nevada, LLC #4632 | NEVADA – FUNDED

First Trust Deed collateralized by 8.08 net acres of land located near the Southeast corner of Lawrence St and Hammer Lane in North Las Vegas, NV (roughly six miles north of Las Vegas, NV). The community is well located near shops and amenities for potential homeowners. This parcel of land is going to piggyback off Harmony’s other community adjacent to this one, known as the Northridge Community. Northridge is about 70% completed and consists of 119 homes that average 1,700 square feet and are selling for an average of $290,000. This new community will consist of the same size homes and will sell for the same amount. It is anticipated that the borrower will begin the development in late summer and begin selling homes in this community late in 2020. Loan Amount: $1,508,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

Dixon SPE, LLC #4631 | WASHINGTON – FUNDED

First Trust Deed collateralized by a 73,000 square foot shopping center in Port Orchard, WA (about 18 miles west of Seattle, WA via a ferry). Built in 1968, this retail center needs a face lift in order to bring the occupancy over its current levels of 25%. The borrower already has signed agreements with two tenants to lease 30,000 square feet which will increase the occupancy to 68%. The borrower is also in talks with two other tenants that would bring the center to an occupancy over 90%. Current tenants include Papa John’s Pizza, South Park Pharmacy, Long John’s Barber, 5 Star Laundry, and South Park Cleaners. The net operating income (NOI) should increase from its current level of $193,000 to over $682,000. This is of the utmost importance since the NOI is the basis of what most commercial building sale for. Given this new NOI and a local market capitalization rate for this product type of 8%, the property should be worth over $9,000,000 when it is completed. In addition to the retail center, the borrower is also acquiring a 1.6-acre pad that he plans to sell to a multifamily developer which will also increase the value of the

Harmony Homes Nevada, LLC #4628 | NEVADA – FUNDED

First Trust Deed collateralized by 37 finished residential lots located near the Northwest corner of North Commerce Street and West Gowan Road in North Las Vegas, NV (roughly six miles north of Las Vegas, NV). The community is well located near shops and amenities for potential homeowners. Since acquiring the site in September of 2017, the borrower has successfully worked with the city to get approval for the 81-lot community. In addition, the borrower has finished all the onsite and offsite improvements. Additionally, the borrower has sold and closed half of the 81 total lots in the community for an average sales price of nearly $260,000 for each of the 1,700 square foot units. Loan Amount: $1,670,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity. Click here to view the onsite video.

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