July 2021: Loan Funded

First Deed of Trust on approximately 16 single family residential lots located between Alexander and Coralie to the west of MLK Boulevard, in North Las Vegas, Nevada. The project will consists of 5 one-story and 11 two-story homes. The one-story homes are 1,468 square feet and consists of 3 bedrooms and 3 bathrooms; the two-story homes are 2,159 square feet consisting of 4 bedrooms and 3 bathrooms. The homes will range in price from $345,900 to $379,900. The project will also contain approximately 5,600 square feet of open space that will be outfitted with park benches, BBQ grills, and tables with shade structures.

11% net to investors

9-month term, possible 3-month extension