February 2021: Loan Funded!

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