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Funded Investments

Court Hampton Holdings, LLC., #4437 – NEVADA – FUNDED

First Trust Deed collateralized by four 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 60 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: $248,400

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: 6 months with one optional 6 month extension period at maturity.

Bluemountain, Inc., #4434 – UTAH – FUNDED

First Trust Deed collateralized by two fully developed residential lots in West Haven, Utah (approximately 40 miles north of Salt Lake City, UT). Although the borrower is utilizing money for the acquisition and construction for two lots within the community, it is the borrower’s intent to buy the remaining 12 available lots within the next year. Even though the borrower does not currently own the property, they already have approval to pull permits with the city to begin construction on the finished lots. Each lot will have a 2,400 square foot, five bedroom, two bathroom home constructed on it.

Loan Amount: $726,000

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.

Caldwell Investments, LLC., #4432 – UTAH – FUNDED

First Trust Deed collateralized by three structures in Ogden, UT (approximately 38 miles north of downtown Salt Lake City, Utah). Although there are only two parcel numbers associated with the site and three structures, there is a total of seven apartment units as well as one single family home. It is the borrower’s intent to acquire the properties and spend about $100,000 on renovations to the structures in order to get higher rents. Once new tenants are in place, the borrower intends to sell the one single family detached home and refinance the remaining seven multifamily units.

Loan Amount: $1,250,000

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. Borrower Use of Proceeds: Proceeds will be used towards the acquisition of the properties, including closing costs, fees, rehab dollars, and prepaid interest.

Village Walk 2213, LLC., #4430 – NEVADA – FUNDED

First Trust Deed collateralized by a complete three bedroom, one and a half bath condo in The District of Green Valley Ranch. This condo is one of 88 within “The District” which is a mixed-use project adjacent to the Green Valley Ranch Casino with many residential amenities. Since acquiring the property over two years ago, the borrower has used this unit (along with another unit in the development) as a hotel alternative for their out of state employees. Since the corporate headquarters are located within “The District”, the borrower has many out of town employees coming through town. The loan will be paid off at the end of the term from normal company cashflows..

Loan Amount: $173,000

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.

Harmony Homes Nevada, LLC., #4429 – NEVADA – FUNDED

First Trust Deed collateralized by 222 finished and partially finished residential lots located near the Southeast corner of North Pecos Road and East Lake Mead Boulevard in North Las Vegas, NV. The land is well located near shops and amenities for potential homeowners. Within the first three months of the loan term, the borrower will begin selling homes in the community with an anticipated starting price of $170,000. During the term of the loan the borrower will begin the construction of homes on the site. According to Home Builders Research, INC., there are only two plans currently available in all of Las Vegas priced under $200,000. All four plans that are purposed by the borrower will be priced below $200,000 making this community’s affordability better than any other in Las Vegas.

Loan Amount: $6,250,000

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.

Cedarbridge Apartments, LLC., #4426 – UTAH – FUNDED

First Trust Deed collateralized by approximately 0.21 acres of land situated just east of Interstate 15 in Salt Lake City, UT. Loan proceeds will be used for the refinance of the property which is currently zoned R-MU. As it currently stands, the property has been approved for a six story, 65-unit apartment building. Due to a moratorium on building fees that is set to expire at the end of November, it is anticipated the borrower will refinance the project into a construction loan prior to that time.

Loan Amount: $1,350,000

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., #4425 – UTAH – FUNDED

First Trust Deed collateralized by two fully developed residential lots in West Point, Utah (approximately 35 miles north of Salt Lake City, UT). Although the borrower is utilizing money for the acquisition and construction for two lots within the community, it is the borrower’s intent to buy the remaining ten lots within the next six months. Even though the borrower does not currently own the property, they already have approval to pull permits with the city to begin construction on the finished lots. Each lot will have a 2,774 (or 2,796) square foot, four bedroom, two and a half bathroom constructed on it.

Loan Amount: $568,000

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.

Mosaic Seven, LLC., #4424 – NEVADA – FUNDED

The properties consist of three, 2.5 acres parcels of residential land located in Southwest Las Vegas close to Mountains Edge, an award-winning Master Planned Community. Since assembling the parcels about 18 months ago, the borrower has been working with the city in order to get a final map approved for the site. As it currently stands, there is a planned resolution of intent (ROI) to allow for the currently approved R-2 zoning. This ROI will allow for the development of 50+ single family detached homes. In addition to the subject property, the borrower also owns most of the properties surrounding these which has allowed the borrower to simultaneously entitle all the land, and ultimately, an ability to develop more units per acre than would otherwise be feasible.

Loan Amount: $2,300,000

Yield: 10.50% (Principal Balance ≥ $100,000); 10.25% (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., #4423 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .33 acre residential lot located in South Jordan, UT (approximately 17 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 4,983 square feet with 2,955 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $625,000

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., #4422 – UTAH -FUNDED

First Trust Deed collateralized by a fully developed .33 acre residential lot located in South Jordan, UT (approximately 17 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 4,666 square feet with 3,144 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $600,000

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.

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