Deal Features:
- 56% LTV based on current appraisal.
- 11% return to investors, interest paid monthly.
- 12 month loan term, (optional 6 month extension).
- First Deed of Trust/Purchase and Development.
- Loan Amount: $780,000.00
The project consist of approximately 5.33 acres zoned 36-units per acre, located at the southeast corner of Smoke Ranch Road and Decatur Boulevard, Las Vegas, Nevada. The property is zoned to build 191 senior housing units.
