Project Repaid in Hurricane, UT

Hurricane 277, LLC

Loan Repaid

First Deed of Trust on approximately 276.86 acres of undeveloped land located in Hurricane, Utah 84737. The land is entitled for mixed-use development with density of 2.5 units per acre providing for a maximum of 700 residential units. The proceeds of this loan were used to purchase the property for development

Loan Amount: $15,000,000

12% net to investors

46% Loan-to-value