First Trust Deed collateralized by approximately .87 acre fully improved residential lot located in Corona, CA (approximately 25 miles east of Anaheim, CA). Since the property was acquired by the borrower in June of 2013, they have successfully completed a tentative map for the property allowing 14 estate sized lots ranging from 0.51 acres to 1.1 acre (TTM 32241). The lots make up Amber Ridge Estates, an upscale neighborhood featuring exceptional single-story homes offering floor plans from 4,293 to 5,427 square feet selling for approximately $1 million each.
Loan Amount: $250,000
Yield:(principal value > $100,000): 10.00%
Yield:(principal value < $100,000): 10.25%
Term: Six Months with an optional six month extension at maturity.
These investment are on a first come, first serve basis.