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Funded Investments

Tailor Built Homes , LLC #4389 – UTAH – FUNDED

First Trust Deed collateralized by six fully developed roughly .33 acre residential lots located in Riverton, UT (approximately 17 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the acquisition of the lots. Situated directly east of Riverton Elementary School, the property is currently owned by the school district as a way to teach students about land development and home building. Since the program was dissolved a few years back, only three of the twelve lots in the community were actually built. The borrower anticipates being in a position to build homes in the next two months at which point they will begin to pay down the acquisition loan.

Loan Amount: $1,375,000

Yield: 12.00% (Principal Balance ≥ $100,000); 11.75% (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.

LF The Cove , LLC #4387 – UTAH – FUNDED

First Trust Deed collateralized by four lots in Riverton, Utah. The lots encumbered by this loan represent four of the seven total lots the borrower has developed within the community. The three lots that are not encumbered by this loan are in the process of having homes built on them or have already been sold to end users. It is the intent of the borrower to build through, or directly sell the remaining four lots within the next year. Homes will start at $500,000 each.

Loan Amount: $605,000

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 #4386 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .17 acre residential lot located in Holladay, UT (approximately 11 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 3,334 square feet with 2,2258 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $580,000

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.

Truman Marketing, LLC #4384 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah (approximately 2.8 miles south of the heart of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 888 square feet and consists of 2 bedrooms and 1 baths.

Loan Amount: $159,400

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 #4383 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Murray, Utah (approximately six miles to the south of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 816 square feet and consists of 2 bedrooms and 1 bathroom.

Loan Amount: $123,200

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.

Truman Marketing, LLC #4382 – UTAH -FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah (approximately 2.4 miles north east of the heart of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 768 square feet and consists of 2 bedrooms and 1 baths.

Loan Amount: $62,100

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: Six months with an optional six month extension at maturity.

Truman Marketing, LLC #4381- UTAH -FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Taylor, Utah (approximately 41 miles to the north of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 1,566 square feet consisting of 3 bedrooms and 1 bathroom.

Loan Amount: $163,500

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.

Truman Marketing, LLC #4380 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Ogden, Utah (approximately 37 miles to the north of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 3,060 square feet consisting of 6 bedrooms and 2 bathrooms.

Loan Amount: $92,100

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: Six months with an optional six month extension at maturity.

Truman Marketing, LLC #4379 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah (approximately 2.1 miles north of the heart of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 1,363 square feet and consists of 3 bedrooms and 2 baths.

Loan Amount: $204,900

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.

Truman Marketing, LLC #4378 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah (approximately 1.5 miles south from the heart of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 1,440 square feet and consists of 2 bedrooms and one bath.

Loan Amount: $134,600

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: Six months with an optional six month extension at maturity.

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