First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah. The home has recently been acquired by the borrower with the intent of fixing it up and either selling it or holding onto it as a rental unit. After acquiring the property, the borrower has begun work to rehab the home in order to better position this approximately 1,363 square foot 3 bedroom, 2 bathroom home for sale or rent. Loan will be repaid upon the sale or refinance of the subject property.
Loan Amount: $198,000
Yield:(principal value > $100,000): 10.25%
Yield:(principal value < $100,000): 10.00%
Term: Six Months with one optional six month extension at maturity.
These investment are on a first come, first serve basis.