First Trust Deed collateralized by 26 approximately 1.018 to o0.10 acre graded residential lots located in the second and third phase of the Malibu subdivision in North Las Vegas, Nevada (approximately nine miles north of Las Vegas, NV). The first part of the subdivision includes over 200 completed homes as well as completed common areas, parks, two pools, and landscaping. This community is the second part of the Malibu community which will ultimately consist of 100 homes of roughly the same size as the first phase. The main entrance to the subdivision is located across the street from the entrance to Shadow Creek Golf Course.
Loan Amount: $1,300,000
Yield:(principal value > $100,000): 11.00%
Yield:(principal value < $100,000): 10.75%
Term: Six Months with one optional six month extension period at maturity.
These investment are on a first come, first serve basis.