First Trust Deed collateralized by a fully constructed single-family residential home in Tooele, Utah (approximately 35 miles southeast of Salt Lake City, UT). 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 began work to rehab the home in order to better position this approximately 2,067 square foot home for sale or rent.
Loan Amount: $120,000
Yield:(principal value > $100,000): 10.25%
Yield:(principal value < $100,000): 10.00%
Term: 12 Months with no extension period at maturity.
These investment are on a first come, first serve basis.