HWL Yeager Farms 2, LLC | Loan #4056 – FUNDED
Description:First Trust Deed collateralized by approximately 8.29 acres of partially developed; and located in Longmont, Colorado (approximately 40 miles north of Denver, CO). The subject property represents the second of two phases in the Yeager Farms Community. The first phase, which consists of 87 lots, is over 80% built out so the borrower needs to begin work on the second phase in preparation of building homes. The second phase, currently platted for 32 residential lots will represent the final phase of the community. Average sale prices in the community have been near $450,000.
HWD Shores, LLC | Loan #4057 – FUNDED
Description:First Trust Deed collateralized by 50 partially improved residential lots located in Firestone, Colorado (approximately 33 miles north of Denver, CO and 36 miles south of Fort Collins, CO). Firestone was ranked number 24 on Money Magazine’s 2013 list of best small towns. The subject property represents the second of two phases in The Shores Community. The first phase, which consists of 47 lots, is over 60% built out so the borrower needs to begin work on the second phase in preparation of building homes. Average sale prices in the community have been near $310,000.
