First Trust Deed- Acquisition/Development
Kavison Homes, LLC
First Deed of Trust on approximately 2.57 acres of vacant land east of South 8th Street between Franklin Avenue and Sweeney Avenue in Las Vegas, Nevada. The Borrower will develop the site into 9 single family lots of approximately 8,000 square feet. Borrower is planning to offer multiple floor plans between 2,466 and 3,370 square feet.
Deal Features:
11% net to investors
69% LTV
12-month term, optional 6-month extension
