First Trust Deed collateralized by a fully constructed single family residential home in Northwest 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 on order to better position this approximately 1,784 square foot home with 3 bedrooms and 1 bathroom for sale or rent.
Loan Amount: $129,000
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.