Great Start To Q2: Project Funded and Project Repaid


Loan Funded

First Deed of Trust on approximately 4.51 acres located at the southeast corner of Grand Teton Drive and Decatur Boulevard, North Las Vegas, Nevada 89084. The loan provided financing for the acquisition and development of the 4.51 acre land parcel. The site will consist of +28,900 square feet of leasable space. There are two ground leases, plus four finished pads for buildout when development is completed.

Loan Amount: $8,450,000

11.5% net to investors

Twelve month loan term, possible six month extension

Venice and Denmark No. 1, LLC

Loan Repaid

First Deed of Trust on 1.47 acres of land located at the southwest corner of Venice Drive and Denmark Drive, Storey County, Nevada, to be developed into a day care facility Super Pad. The property is part of a 12-acre mixed use site located in the Tahoe Reno Industrial Center (“TRIC”).

Loan Amount: $650,000

13% net to investors

47% Loan to Value