First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah (approximately 3 miles to the west of downtown Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and either selling it of holding onto it as a rental unit. After acquiring the property, the borrower has begun work to rehab the home in order to better position this approximately 672 square foot home for sale or rent.
Loan Amount: $103,000
Yield:(principal value > $100,000): 10.25%
Yield:(principal value < $100,000): 10.00%
Term: 12 Months with no extension at maturity.
These investment are on a first come, first serve basis.