Grays Development Company, Inc #5869-5876 | COLORADO – FUNDED

First Trust Deed collateralized by 67 finished residential lots. Located between downtown Denver and the tech center in a prime urban location, these are the remaining lots within an active community. The lots are all under contract to be sold to the active builder on a rolling takedown basis starting in August. These attached units are three stories tall and range from 1,238 to 2,157 square feet. They all have attached two car garages with up to four bedrooms. Prices range from the high 500’s to the high 700’s. The last takedown is anticipated to happen in November of 2024.

Master Loan Amount: $6,968,000

Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%.

Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 12/27/24.