First Trust Deed collateralized by a 0.46 acre finished lot located in one of the most exclusive communities of Las Vegas, Southern Highlands. It’s most distinctive amenity is the Southern Highlands Golf Club which is ranked among America’s top private clubs and was named Golf Digest’s “Best New Private Golf Club in the Western United States.” Within southern highlands is an even more exclusive neighborhood called The Bluffs. The Bluffs consists of 39 roughly half acre lots with unparalleled views of the Las Vegas Valley and the Las Vegas Strip. This loan is for the construction of the model home which will be a 6,823 square foot trophy home designed to showcase the modern architecture, energy efficient, sustainable “smart home” that Blue Heron has come to be known for.
Loan Amount: $2,650,000
Yield: 11.00% (Principal Balance ≥ $100,000); 10.75% (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: 12 months with one optional six month extension period at maturity.