Funded Investments

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Thunder Mountain by Bakerson, LLC #5247 | ARIZONA – FUNDED

This second trust deed is collateralized by a nearly 100,000 square foot, former Quality Inn hotel that has begun the transformation into a 65-unit apartment building. This apartment building will fill a void in the marketplace for market rate, workforce housing. Originally constructed in 1972, this block building has been operating as various brands of hotels and motels. Due to the pandemic and a multitude of macroeconomic events over the past few years, hotels have taken a bit of a hit forcing a consolidation in the industry. By converting the property into its highest and best use as an apartment building, it will bring new life and economic opportunity to the asset. After the conversion is completed, net rents are anticipated to be in excess of $300,000 annually. Loan Amount: $575,000 Yield: 13% 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 extensions at maturity.

Eagle Physical Therapy, LLC #5246 | UTAH – FUNDED

The collateral for this loan consists of a 3,007 square foot home in Lehi, UT which is 27 miles south of Salt Lake City, UT. Built in 2009, the home is in good physical condition with only minor cosmetic repairs necessary to reposition the asset to sell again. With some minor stucco work and grading the slope of the soil away from the five bedroom, three bath house, the borrower and his contractor are more than capable of making the necessary changes. Once the property repairs are performed, the borrower anticipates listing the home for $620,000 which is more in line with what a property of this size and condition should be selling for. The purchase price is $501,000 with an anticipated budget of $3,000 to fix the necessary repairs. Loan Amount: $400,000 Yield: 10% iterest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with no optional extension at maturity. Final maturity date is 8/2/22.

17th and Sheridan, LLC | COLORADO – FUNDED

First Trust Deed collateralized by a parcel of land on the Southeast corner of 17th Ave and Sheridan Blvd in Denver, CO. This site is directly across the street from Sloan’s Lake, the second largest park in Denver and one of Denver’s fastest growing neighborhoods. The site allows for a high-density residential redevelopment project. The city has already approved a 60-unit garden style for-rent stacked flat product (an artist’s rendering is shown in the picture above). Although this loan is just for the acquisition of the project, the total project cost will be nearly $14,000,000. Over the coming months, the borrower will work with subcontractors to get hard bids before obtaining construction financing. It is anticipated the borrower will be able to pay off this loan with construction financing in about six months. Master Loan Amount: $2,500,000 Yield: 10% 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. Final maturity date is 4/24/23.  

Vanquish Capital, LLC #5244 | UTAH – FUNDED

The collateral for this loan consists of nearly 19 acres of residentially zoned land in Santaquin, UT (approximately 22 miles south of downtown Provo, UT). The borrower typically has the projects they acquire fully entitled with site plan approval; this project is a bit different since they will be selling it to one buyer upon completion. The borrower has worked with the city to get conceptual approval for 294 townhomes and expects the buyer to get final map approval after the partially entitled project sells. Although the property is not under contract to be sold yet, there are two buyers very interested in the property and it is expected to be under contract in the next two weeks and to be sold within six months. In the unlikely event the borrower is unable to sell the project in short order, they will develop the land and sell the townhomes to their long waitlist of investors. Loan Amount: $5,600,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension

FIG Timber Woods, LLC #5237 – 5243 | ARIZONA – FUNDED

The collateral for this loan consists of 17 acres of residentially entitled land which will allow for the development of a 191 unit attached development. As it currently stands, the borrower has already presold all 191 units for an average of nearly $210,000 per unit. Almost all units will be three bedrooms, two bathrooms with over 1,300 square feet of living space. It is anticipated the borrower will begin development work on the site within a few weeks of loan funding and complete all development in June of 2022. Tranche Loans: Estimated Date - Estimated Amount - Loan # 11/4/2021 - $520,000 - #5237 11/4/2021 - $520,000 - #5238 11/4/2021 - $520,000 - #5239 11/4/2021 - $520,000 - #5240 11/4/2021 - $520,000 - #5241 11/4/2021 - $520,000 - #5242 11/4/2021 - $520,000 - #5243 1/28/2022 - $520,000 - TBD - Not open for investment at this time 2/25/2022 - $520,000 - TBD - Not open for investment at this time 3/25/2022 - $520,000 - TBD - Not open for investment at this time 4/29/2022 - $520,000 - TBD - Not open for investment at this time 5/27/2022 - $520,000 - TBD - Not open for investment at this time 6/24/2022

Mosaic Seven, LLC #5231 | NEVADA – FUNDED

The collateral for this loan is a two and a quarter-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property is currently zoned as rural open land with a commercial planned use, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $1,540,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/27/23.

Mosaic Seven, LLC #5230 | NEVADA – FUNDED

The collateral for this loan is a two and a half-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning classification, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $2,640,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5% Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/27/23.

Mosaic Seven, LLC #5229 | NEVADA – FUNDED

The collateral for this loan is a five-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas prodevelopment city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning classification, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site Loan Amount: $2,640,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5% Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/27/23.

Gilbert Care, LLC #5228 | ARIZONA – FUNDED

The collateral for this loan is an approximately 14.39-acre site that will be entitled to allow for the construction of medical facilities. On the large three-acre parcel shown in the picture above, the borrower intends to build a 48-bed behavior health facility which is their expertise. With the remaining 11 acres the borrower will look for built-to-suit medical tenants or sell the land off to medical developers. The project sits less than 400 yards from the entrance to the 212 bed Mercy Gilbert Medical Center which opened in 2006. Loan Amount: $7,300,000 Yield: 10% interest rate is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity.

Mosaic Seven, LLC #5224 | NEVADA – FUNDED

The collateral for this loan is a five-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning classification, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $2,842,000 Yield: 10% interest rate is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/2/23.

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