Dayton Partners No. 1, LLC
Loan Funded
First Deed of Trust on 173.16 net acres of vacant land that is located at the southwest corner of Dayton Valley Road and Sutro Road in Dayton, Lyon County, Nevada 89403. The subject property is planned for mixed-use development that will comprise of four single-family residential villages (416 lots); a motor coach resort (18 acres); an RV and boat storage facility (10 acres); a mini-storage facility (4 acres); a daycare center (1 acre); commercial/retail development; and 18 acres that will be dedicated for the use of a public school, park, and/or community use.
Loan Amount: $11,000,000
13% net to investors
35.43% LTV
The Herbst Family Limited Partnership
Loan Funded
First Deed of Trust on 3.1 acres of land with a 33,120 square foot casino building with gas station and country store located at 771 South Nevada Highway 160 (771 S Frontage Road), in Pahrump Nevada. The casino portion is leased to Golden Gaming and operates under the name Gold Town Casino.
Loan Amount: $3,600,000
11% net to investors
12-month term
