Kavison Homes, LLC
First Deed of Trust on approximately 1.14 acres of land east of South 8th Street between Franklin Avenue and Sweeney Avenue. The loan is secured by 4 newly mapped lots on which 4 single family homes will be built. The entire project sits on approximately 2.57 acres and consist of nine single family home lots. With this loan the borrower will build 4 single family homes: 2 single story, three beds, two and a half baths, 2,786 square foot homes; 1 two story, three beds, three and a half baths, 3,056 square foot home; and 1 two story, three beds, two and a half baths, 2,935 square foot home.
Loan Amount: $2,000,000
11% net to investors
12-month term, possible 6-month extension
Pierro’s Landscape and Maintenance, LLC
First Deed of Trust on approximately 1.24 acres located at 5249 Ricky Road, Las Vegas, Nevada, 89130. The proceeds of this loan were used by the borrower to purchase the property. The borrower plans on a build-out/construction of the property which will serve as their company headquarters.
12% net to investors
12-month loan term
First Deed of Trust on approximately 10.03 gross acres (7.64 net acres) located along the south side of the U.S. Highway 95, east of MacFarland Avenue in Indian Springs, Nevada. The property is currently zoned R-3 (residential 18 dwelling units per gross acre) and has water and sewer lines adjacent to the property.
11.5% net to investors
12-month loan term, possible 6-month extension