First Trust Deed collateralized by 6.1 net acres of land zoned for a planned unit development (PUD) which would allow for a special use outside of traditional commercial office or industrial uses in North Las Vegas, Nevada. An assisted living facility is planned to be developed on the land.
Loan Amount: $850,000
Yield:(principal value > $100,000): 10.50%
Yield:(principal value < $100,000): 10.75%
Term: Twelve Months with an optional twelve month extension at maturity.
These investment are on a first come, first serve basis.