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So far Mike Mahony has created 277 blog entries.

GGD Oakdale, LLC #4498 | OREGON – FUNDED

First Trust Deed collateralized by an approximately .72-acre commercial building pad located in the heart of Klamath Falls, OR (about 301 miles north of Sacramento, CA and 175 miles southeast of Eugene, OR). The borrower is in the process of getting an approximately 15,000 square foot retail building approved for the site. The only tenant of the building will be Fit Republic, a gym operator out of California (a related party to the borrower). In addition to this collateral, the borrower will allow a second position loan to be put on another retail property they own located at 1680 South Mildred Street, Tacoma, WA 98465. The Tacoma property currently has a $3,350,000 loan against it and is estimated to be worth over $5,500,000. Loan Amount: $850,000 Yield: 10.25% (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: Six months with one optional six-month extension period at maturity.

Tailor Built Homes, LLC #4499 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed residential lot (0.33 acres in size) located in South Jordan, UT (approximately 17 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a four-bedroom, three and a half bath home. The home will be a total of 5,289 square feet with 4,147 square feet of finished space (does not include the partially unfinished basement). Loan Amount: $625,000 Yield: 10.25% (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: Six months with an optional six-month extension at maturity.

Tailor Built Homes, LLC #4500 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed residential lot (0.33 acres in size) located in South Jordan, UT (approximately 17 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a 3,885 square foot, four-bedroom, three bath home. Loan Amount: $550,000 Yield: 10.25% (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: Six months with an optional six-month extension at maturity.

GGD Oakdale, LLC #4497 | WASHINGTON – FUNDED

First Trust Deed collateralized by an approximately 41,261 square foot retail building in Bellingham, WA (about 92 miles north of Seattle, WA and 22 miles south of the Canadian border). Within the existing shopping center are existing tenants such as Subway, Big Lots, Little Caesars Pizza, Aaron’s and a handful of other local and regional tenants. It is the borrower’s intent to finalize lease negotiations with Big Lots (a current tenant in the shopping center) to secure a long-term lease of the space. In the event those lease negotiations breakdown, the borrower may sign a lease with his affiliated business, a gym tenant that would occupy half of the property. Within six months of acquisition, the borrower should have a paying tenant occupying the property. Loan Amount: $3,500,000 Yield: 10.25% (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: Nine months with two optional six-month extension periods at maturity.

Lokal Hyland Village #4494 | COLORADO – FUNDED

The collateral for this loan consists of 23 finished townhome lots located in Westminster, CO (approximately 13 miles northwest of Denver, CO). These 23 lots represent all the remaining lots within the community. The borrower has already purchased 30 of the lots in August of 2017. Of the 30 lots the borrower has already acquired, they have begun construction on 16 of the units. With an average sales price of $390,000, the borrower anticipates selling out of this phase of the community within 36 months. In the community, other home builders are currently selling single family homes that average nearly $500,000. There are no other options within a five-mile radius of this project to find new homes priced below $450,000. Loan Amount: $1,600,000 Yield: 10.25% (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 an optional 6-month extension at maturity. Onsite Footage: Lokal Hyland Village - January 2018

Bluemountain, Inc., #4495 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed residential lot in West Point, Utah (approximately 35 miles north of Salt Lake City, UT). The home lot has a partially completed 2,774 square foot, four bedrooms, two-and-a-half-bathroom home constructed on it. It is anticipated that the borrower will be completely done with construction of the home within the next six months. Once the home is fully constructed, it will be sold to a home buyer and the loan will be paid off. Loan Amount: $284,000 Yield: 10.25% (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: Eight months with an eight-month extension.

Bluemountain, Inc #4496 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed residential lot in West Haven, Utah (approximately 40 miles north of Salt Lake City, UT). The home lot has a partially completed 2,400 square foot, five bedrooms, two-bathroom home constructed on it. It is anticipated that the borrower will be completely done with construction of the home within the next six months. Once the home is fully constructed, it will be sold to a home buyer and the loan will be paid off. Loan Amount: $363,000 Yield: 10.25% (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: Eight months with an eight-month extension.

Court Hampton Holdings, LLC #4493 | NEVADA – FUNDED

First Trust Deed collateralized by two developed residential lots located in the Daybreak community which is located nine miles east of Las Vegas, NV. Harmony Homes have sold out of the first phase of the community which they have been selling since 2010. The second phase consists of 123 lots of which over 100 have already been sold since opening in late 2015. Homes in the community start selling at $253,000 and range from 1,739 to 2,275 square feet in three to five-bedroom floor plans. In addition to selling 65 units in the past 12 months, prices have increased by over $15,000. Loan Amount: $102,600 Yield: 10.25% (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.

Shapeshift Investments, LLC #4492 | WASHINGTON – FUNDED

First Trust Deed collateralized by a 1,910 square foot home in Kirkland, WA (approximately 18 miles northeast of Seattle, WA). Comps in the area sell for more than $800,000 with homes that aren’t split level selling for even more. It is anticipated this home will sell for $837,000. The borrower is able to acquire the property for significantly under market value due to the seller’s unwillingness to do any of the repairs to the home or allow potential buyers to walk through the home before closing. It is the borrower’s intent to spend approximately $80,000 in repairs to rehab the property in order to better position the asset to demand a higher sales price. Repairs are anticipated to be completed in the first two months of the six-month loan. The remaining term of the loan will be used to procure a buyer and get the property closed. Although the borrower will not be adding any space to the home they will be finishing the unfinished 600 square foot basement as well as changing it from a 3-bedroom 3 bath home to a 4-bedroom 2.5 bath home. Loan Amount: $665,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000)

RJJR Investments, LLC #4490 | NEVADA – FUNDED

First Trust Deed collateralized by 1.66 acres of commercially zoned land located near the intersection of Kyle Canyon Road and US 95, about 18 miles northwest of Las Vegas, NV. Kyle Canyon Road is the main access from Las Vegas to Mt. Charleston, home of the Las Vegas Ski and Snowboard Resort. It is the borrower’s intent to acquire the site and immediately begin to market the property to an end user such as a gas station. Although this area has yet to see much growth, most of the land in and around the corridor has been assembled by a few developers who intent to it to be the next growth area. Early in January of 2018, Clark County started the second phase of the 78-million-dollar project to expand the highway all the way to Kyle Canyon Road in anticipation of the eminent growth in the area. It is anticipated the traffic count will more than double on this stretch of highway in the next 20 years. For more information click here. Loan Amount: $264,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each

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