First Trust Deed collateralized by seven approximately 0.10 to 0.11 acre fully-developed residential lots located in Avalon community in the Vista Cielo subdivision in North Las Vegas, Nevada. The subdivision includes over 60 completed homes as well as completed common areas, parks, two pools, and landscaping. The main entrance to the subdivision is located across the street from the entrance to Shadow Creek Golf Course near the corner of Ann Road and Losee Road.
Loan Amount: $160,300
Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.
Term: 6 months with one optional 6 month extension period at maturity.