MJZ, LLC #6267 | NEVADA – ($1.9M Available)

The collateral for this loan is a finished residential lot in Lake Las Vegas which is a master planned community surrounding the second largest reservoir in Southern Nevada. The lot was sold by the master planned developer directly to the borrower instead of going through a custom home builder which is more typical for this type of transaction. The borrower has already consulted with a few of the top custom home builders in Las Vegas to price out potential construction jobs and ultimately chose JAG Development to build this home. The borrower has obtained building permits for a 6,031 square foot home which will include four bedrooms, five and a half baths, four car garage, a workshop, rooftop deck, and top of the line finishes.

Loan Amount: $3,200,000

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 12/26/25.