First Trust Deed collateralized by a fully constructed single-family residential home in Henderson, Nevada, a suburb of Las Vegas. The home was acquired by the borrowers in 2011 and has been used as a rental home since. The home is approximately 1,266 square foot home built in 2001, has 3 bedrooms and 2 full bathrooms and is located in the Green Valley South neighborhood of Henderson.
Loan Amount: $140,000
Yield: 10.00% (Principal Balance < $100,000); 10.25% (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: Six months with an optional six month extension at maturity.