First Trust Deed collateralized by a fully constructed single-family residential home in Salt Lake City, Utah (approximately 2.4 miles north east of the heart of downtown Salt Lake City, UT). Since acquiring the home over a year ago, the property has been fully rehabbed and is currently being rented. It is the borrower’s intent to season the asset further as a rental before paying off this loan with their long-term line of credit or to sell it. The home is approximately 768 square feet and consists of 2 bedrooms and 1 baths.

Loan Amount: $62,100

Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (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.