HWD Northport Village, LLC | Loan #4000 – FUNDED
Description: First Trust Deed collateralized by approximately 4 acres of undeveloped land located in Stansbury Park, Utah (approximately 27 miles southwest of Salt Lake City, Utah). Loan proceeds will be used for the development of 19 lots. The borrower acquired the site approximately one month ago without the use of a loan. As it currently stands, the property has a tentative map in place for 19 residential lots. This tentative map will become a final map once development of the site from raw land into finished residential lots. The borrower will then build homes on the site once the loan is paid off.
