First Trust Deed collateralized by a fully constructed single-family residential home in Henderson, Nevada, a suburb of Las Vegas. The home was acquired by the borrowers in 1998 as his primary residence. Since 2008, the property has been used as a rental home. The home is a approximately 2,094 square foot home built in 1989, has 4 bedrooms and 3 bathrooms and is located in the Green Valley South neighborhood of Henderson. Property is located in Green Valley area in Henderson, Nevada blocks from Sunset Park, 215-Beltway and Legacy Golf Course. Henderson was ranked as one of America’s safest cities and Best Place to Live by Sperling’s Best Places for the last 3 years.
Proceeds will be used towards the refinance of the property, including closing costs and fees, and prepaid interest. Loan will be repaid upon the sale or refinance of the subject property.
Loan Amount: $200,000
Yield:(principal value > $100,000): 10.25%
Yield:(principal value < $100,000): 10.00%
Term: Six Months with one optional six month extension at maturity.
These investment are on a first come, first serve basis.
Estimated Funding Date: 3/4/16