Available Investments

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BM RE, LLC. – #4565 – UTAH

First Trust Deed collateralized by a fully developed home in Ogden, Utah (approximately 35 miles north of Salt Lake City, UT). Since acquiring the property, the borrower has let the tenant remain in the home until the borrower was ready to begin rehab work. The borrower will be ready to start work in 30 days and is scheduled to be completed in the next 90 days at which point they will sell the home. The home is a three-bedroom, two bath home covering 1,168 square feet and was built in 1872. Loan Amount: $122,000 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 a six-month extension.

BM RE, LLC. – #4564 – UTAH

First Trust Deed collateralized by a fully developed home in Magna, Utah (approximately 15 miles west of downtown Salt Lake City, UT). Since acquiring the property, the borrower has let the tenant remain in the home until the borrower was ready to begin rehab work. The borrower is now in the process of removing the tenant and has the rehab work scheduled to be completed in the next 80 days at which point they will sell the home. The home is a two-bedroom, one bath home covering 1,178 square feet and was built in 1918. Loan Amount: $150,000 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 a six-month extension.

BlueM Holdings, LLC. – #4563 – UTAH

First Trust Deed collateralized by a fully developed home in Salt Lake City, Utah (approximately 3 miles northwest of downtown Salt Lake City, UT). Since acquiring the property, the borrower has completed the demo work and has started “roughing in” the electrical work. Work is scheduled to continue to progress and it is anticipated that the borrower will finish the work in the next 100 days at which point they will sell the home. The home is a three-bedroom, one and a half bath home covering 1,576 square feet and was built in 1907. Loan Amount: $220,000 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 a six-month extension.

BlueM Holdings, LLC. – #4562 – UTAH

First Trust Deed collateralized by a fully developed home in Tooele, Utah (approximately 35 miles southwest of Salt Lake City, UT). Since acquiring the property, the borrower worked with the city to obtain construction permits. Although demo has yet to begin, it is scheduled to start shortly. It is anticipated that the borrower will finish the work in the next 120 days at which point they will sell the home. The home is a one-bedroom, one bath home covering 803 square feet and was built in 1943. Loan Amount: $125,000 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 a six-month extension.

BlueM Holdings, LLC. – #4561 – UTAH

First Trust Deed collateralized by a fully developed home in Magna, Utah (approximately 14 miles west of Salt Lake City, UT). Since acquiring the property, the borrower has completed most of the demo work and now are awaiting final building permits to complete the rehab of the property. It is anticipated that the borrower will finish the work in the next 120 days at which point they will sell the home. The home is a two-bedroom, one bath home covering 776 square feet and was built in 1918. Loan Amount: $149,000 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 a six-month extension.

Cyan Circle Townhomes LLC – #4560 – COLORADO

The collateral for this loan consists of 29 mostly finished townhome lots located in Castle Rock, CO (approximately 28 miles south of Denver, CO). These 29 lots represent the third and final phase of a Lokal Homes community known as Forty on Meadows. The previous forty townhomes have been built and sold to end users. For this third and final phase, Lokal Homes will be building the six-building community as a for rent apartment community. It is anticipated the borrower will utilize HUD financing for the take-out financing once construction is completed. Rents for each of the 1,400 square foot, two bedrooms, two and a half bathroom units will go for $1,975. Each of the finished units are valued at about $400,000 per unit. Loan Amount: $1,500,000 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 an optional nine-month extension at maturity.

Lake Las Vegas 24, LLC. – #4558 – NEVADA

First Trust Deed collateralized by three finished townhome lots located in the Vita Bella Community in Lake Las Vegas which is approximately 19 miles east of Las Vegas, Nevada. Within this 79-unit community, there are 24 remaining lots that are unsold (at the time of acquisition by the borrower in December of 2017). Since acquiring the property, the borrower worked with the city to get the building plans reapproved based on the new building codes. Existing homes in the community have sold between about $270,000 and $465,000 in 2017 and 2018. New homes are expected to sell for an average of $430,000 per unit. Although it is typical to see a premium sales price on new homes, it is the borrower’s goal to “undercut” the market to sell units more quickly. Construction on this six-unit building began in July of 2018. Loan Amount: $1,560,000 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: 9 months with one optional nine-month extension period at maturity.

Blue Heron Highlands Show Home, LLC. #4554 – NEVADA

First Trust Deed collateralized by a fully developed 1.3-acre lot in the MacDonald Highlands Community which is approximately 19 miles south of downtown Las Vegas, Nevada. The MacDonald Highlands Community is nestled in the picturesque McCullough Mountains which has become one of the most sought after addresses in the Las Vegas Valley. Finished lots on this street are currently selling for more that $2,000,000 for just the lot. Although no homes have sold on this 51-lot street yet, some homes are anticipated to be sold for more than 10 million. This loan is to refinance the acquisition of the lot and build a roughly 13,000 square foot home. Now that the building permit have been fully approved by the HOA as well as the city, the borrower has already begun construction on the home as the foundation of the home is completed. As is typical for Blue Heron, they build one “showcase home” to showoff all of the newest and most innovative architecture in design and technology. When they do this, they typically will pay off the loan with their own investor capital once the home is completed and ready to tour. Loan Amount: $3,900,000 Yield: 10.25% (Principal Balance ≥

Dragon Ridge Development, LLC, #4551 – NEVADA

First Trust Deed collateralized by a fully developed 1.1-acre lot in the MacDonald Highlands Community which is approximately 19 miles south of downtown Las Vegas, Nevada.  The MacDonald Highlands Community is nestled in the picturesque McCullough Mountains which has become one of the most sought after addresses in the Las Vegas Valley. Finished lots on this street are currently selling for more that $2,000,000 for just the lot. Although no homes have sold on this 51-lot street yet, some homes are anticipated to be sold for more than 10 million. This loan is to acquire the lot and build a roughly 8,000 square foot home. Now that building permits have been fully approved by the HOA as well as the city, the borrower is able to begin construction immediately. It is anticipated the home will be completed and sold within the duration of this loan. 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: 9 months with one optional nine-month extension period at maturity. Loan Amount: $3,500,000

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