Harmony Russell, LLC | Loan #4092
Description: First Trust Deed collateralized by 18 partially developed lots located in Paradise, NV (approximately 7 miles east of Las Vegas, NV). During the life of the loan, the borrower acquired all of the lots for a total of $1,050,000 in May 2013. The lots have an additional $1,200,000 in development work that needs to be completed before the borrower can start selling all of the lots in the community. Lots average .2 acres in size and are the second phase of a larger community.
