First Trust Deed collateralized by 29.55 acres of residential land near the highly desirable MacDonald Highlands subdivision near the corner of South Stephanie St and West Horizon Ridge Pkwy in Henderson, NV (approximately 18 miles southeast of Downtown Las Vegas, NV). The borrower is in the process of getting the land approved for a 33 lot subdivision for the site. Average finished lot prices for this community will be $530,000 compared to $1,000,000 within MacDonald Highlands.

Loan Amount: $2,000,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10% (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.