First Trust Deed collateralized by a fully developed 0.88 acre residential lot in the highly desirable MacDonald Highlands subdivision near the corner of South Stephanie St. and West Horizon Ridge Pkwy. in Henderson, NV (approximately 18 miles southeast of Downtown Las Vegas, NV). Upon closing of the loan and lot acquisition, the borrower will submit for building permits for the site. Construction will be paid for directly from the borrower through proceeds from his companies. It is anticipated that construction will be completed in December of 2017.
Loan Amount: $1,000,000
Yield:(principal value > $100,000): 9.25%
Yield:(principal value < $100,000): 9.00%
Term: 12 Months with one optional 6 month extension period at maturity.
These investment are on a first come, first serve basis.