Dayton Partners No. 1, LLC
Loan Funded
First Deed of Trust on a 21.02 acre parcel of land at the northeast corner of Dayton Valley Road and the future extension of Minor Road in Dayton, Lyon County, Nevada 89403. The property is planned for 104 single family residential lots and will make up Phase 4 and Phase 5 of the existing Point Lagado Subdivision. The proceeds of this loan were used to purchase the property.
Loan Amount: $3,150,000
12% net to investors
53.30% LTV
DEC-GT, LLC
Loan Funded
First Deed of Trust on approximately 1.4 acres at the southeast corner of Grand Teton Drive and Decatur Boulevard, North Las Vegas, Nevada 89084. This loan will provide construction financing for a tavern building and an in-line retail building demised into 4 suites. The tavern will contain 5,000 square feet and is pre-leased to Lucky’s Lounge. The in-line retail building will contain 7,500 square feet and is fully pre-leased. Tenants include Gentle Dental, Marco’s Pizza, Valley Smokes & Vapes, and a Veterinarian Clinic.
Loan Amount: $6,450,000
11.5% net to investors
12-month term, possible 6-month extension
