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Funded Investments

Truman Marketing, LLC #4374 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Payson, Utah (approximately 59 miles to the south of 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 2,057 square feet.

Loan Amount: $144,900

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.

Bluemountain, Inc #4373 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Magna, Utah (approximately 13 miles to the west of 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 1,160 square feet.

Loan Amount: $166,600

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.

Bluemountain, Inc #4372 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Bountiful, Utah (approximately 11 miles to the north of 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 1,260 square feet.

Loan Amount: $167,700

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 #4370 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .24 acre residential lot located in Sandy, UT (approximately 17 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a four bedroom, two and a half bath home. The home will be a total of 3,575 square feet with 1,755 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $450,000

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 #4369 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .24 acre residential lot located in Sandy, UT (approximately 17 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a four bedroom, two and a half bath home. The home will be a total of 3,575 square feet with 1,755 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $450,000

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.

Mosaic Seven, LLC LOAN #4368 – NEVADA – FUNDED

The property consists of 2.5 acres of unentitled land located in Southwest Las Vegas close to Mountains Edge, award-winning Master Planned Community. Since putting the property under contract over a year ago the borrower has been working with the city to get approval for a final map allowing for the development of single family, detached, residential homes. In addition to the subject property, the borrower also owns most of the properties surrounding this one 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: $820,000

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.

Elation Homes , LLC #4367 – NEVADA – FUNDED

First Trust Deed collateralized by 72 approximately 0.46 to 0.65 acre fully-developed residential lots located in Valley Heights community in Moapa Valley, Nevada (approximately 58 miles northeast of Las Vegas, NV and 73 miles southwest of St. George, UT). The subdivision includes over 20 homes that are either completely finished or under contract to be built in the next 30 days. It is anticipated that the borrower will be selling homes at a rate of seven units per year.

Loan Amount: $1,400,000

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: 12 months with one optional six month extension period at maturity.

KD Carey , LLC #4366 – NEVADA – FUNDED

First Trust Deed collateralized by five fully developed residential lots located on the Northeast corner of East Carey Avenue and North Lamb Boulevard in North Las Vegas (approximately five miles northeast of Downtown Las Vegas, NV). These five lots are within a larger 88 lot community that will consist of homes averaging 1,600 square feet and have three bedrooms with two baths.

Loan Amount: $816,000

Yield: 10.75% (Principal Balance ≥ $100,000); 10.50% (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: 12 months with one optional 6 month extension period at maturity.

Court Hampton Holdings, LLC #4365 – NEVADA – FUNDED

First Trust Deed collateralized by 13 developed residential lots located in the Daybreak community which is located nine miles east of Las Vegas, NV. The property currently has a tentative map in place to allow for the development of 41 lots roughly .12 acre in size of which this loan will encumber 13 of them. As it currently stands, the lots are graded but not all of the underground work has been completed, nor any of the finishing work (curbs, gutters, and streets). The final map is anticipated to be recorded at the end of January and development will be finalized in March of 2017. Harmony Homes has almost sold out of the first phase of the community which they have been selling since 2010.

Loan Amount: $666,900

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

Court Hampton Holdings, LLC #4364 – NEVADA – FUNDED

First Trust Deed collateralized by 12 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 45 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 40 units in the past 10 months, prices have increased by over $12,000.

Loan Amount: $840,000

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.

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