CLIENT LOGIN

Funded Investments

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.

Tailor Built Homes , LLC., #4421 – 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). Loan proceeds will be used for the construction of a five bedroom, three and a half bath home. The home will be a total of 3,677 square feet with 3,283 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $575,000

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., #4420 – 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). 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: $650,000

Yield: 11.25% (Principal Balance ≥ $100,000); 11.00% (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.

Caldwell Investments, LLC., #4419 – UTAH – FUNDED

First Trust Deed collateralized by four separate homes in and around Ogden, (approximately 38 miles north of downtown Salt Lake City, Utah). The first address listed above is a multifamily building that the borrower intends to rehab and pay off this loan via a refinance using long-term options. The three remaining addresses are single family homes that the buyer intends to have rehabbed and listed within 45 days after acquiring the homes. It is also the intent of the borrower to have the three single family detached homes sold within the first six months of acquiring the homes.

Loan Amount: $950,000

Yield: 12.25% (Principal Balance ≥ $100,000); 12.00% (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.

LFMG 45TH LLC., #4418 – UTAH – FUNDED

First Trust Deed collateralized by what was once 0.77 acres of land situated east of Interstate 15 in Millcreek, UT (approximately 10 miles south of downtown Salt Lake City, Utah). Since acquiring the property over a year ago, the borrower demolished the existing home, completed the horizontal development of the property, and has built two of the three townhome buildings. This loan will encumber the remaining two lots which is one of the three townhome buildings.

Loan Amount: $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.

loading