First Trust Deed collateralized by eight fully developed residential lots located in the Talus community which is located nine mile east of Las Vegas, NV. Harmony Homes has almost 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 40 have already been sold since opening in late 2015. In addition to selling 40 units in the past 10 months, prices have increased by over $10,000. It is anticipated that the borrower will have all of the eight lots sold within the next 12 months.

Loan Amount: $496,800

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.