CLIENT LOGIN

Harmony461, LLC., #4459 – NEVADA

First Trust Deed collateralized by two acres of mapped residential lots located in the Northridge community in North Las Vegas, Nevada. This community comes on the heals 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 homebuyers 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 $280,000 and average 2,300 square feet in size. It is anticipated the borrower will begin selling homes in the community in the second quarter of 2018. The specific location of this land is shown on the attached map outlined by red lines.

Loan Amount: $260,000

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 one optional 6-month extension period at maturity.

Harmony461, LLC., #4458 – NEVADA

First Trust Deed collateralized an approximately 0.08-acre residential lot located in the Malibu community in North Las Vegas, Nevada. The first part of the subdivision included over 200 completed homes as well as completed common areas, parks, two pools, and landscaping. This community is the second part of the Malibu community which consists of 100+ homes of roughly the same size as the first phase. The main entrance to the subdivision is located across the street from the entrance to Shadow Creek Golf Course. This one lot is one of less than ten that the borrower still owns and is waiting for construction to be finalized before the lot/home is sold and the loan paid off.

Loan Amount: $50,000

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 one optional 6-month extension period at maturity.

Tailor Built Homes, LLC #4457 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Lot 303 (shown on the site map below) is the only remaining lot that is owned by the borrower. The other lots shown in ready have already been built on by the borrower and all of the grey lots have been sold to other end users.

Loan Amount: $163,000

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., #4456 – UTAH

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a six-bedroom, four and a half bath home. The home will be a total of 5,027 square feet which includes a fully finished basement.

Loan Amount: $700,000

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., #4455 – UTAH

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a six-bedroom, four bath home. The home will be a total of 5,248 square feet with at least 3,926 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $675,000

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.

Bluemountain, Inc., #4454 – 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.

Bluemountain, Inc., #4453 – 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.

Harmony461, LLC., #4452 – NEVADA – FUNDED

First Trust Deed collateralized by 36 approximately 0.10 to 0.15 acre mapped residential lots located in the Northridge community in North Las Vegas, Nevada. This community comes on the heals 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 homebuyers 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 $280,00 and average 2,300 square feet in size. It is anticipated the borrower will begin selling homes in the community in the second quarter of 2018.

Loan Amount: $1,764,000

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 one optional 6-month extension period at maturity.

Court Hampton Holdings, LLC., #4451 – NEVADA – FUNDED

First Trust Deed collateralized by seven 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 80 have already been sold since opening in late 2015. Homes in the community start selling at $237,000 and range from 1,801 to 3,024 square feet in three to six-bedroom floor plans. In addition to selling 45 units in the past 10 months, prices have increased by over $12,000.

Loan Amount: $359,100

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.

Court Hampton Holdings, LLC., #4450 – NEVADA – FUNDED

First Trust Deed collateralized by three developed residential lots located in the Talus 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 80 have already been sold since opening in late 2015. Homes in the community start selling at $237,000 and range from 1,801 to 3,024 square feet in three to six-bedroom floor plans. In addition to selling 45 units in the past 10 months, prices have increased by over $12,000.

Loan Amount: $210,000

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 one optional 6-month extension period at maturity.

loading