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Deal Features: 61% LTV (loan-to-value) based upon an appraisal on the property. 12-month term with optional 6-month extension. Experienced borrower. 11% net to investors (interest paid monthly). This project consists of 40 single family finished lots in Indian Springs, Nevada. On which the borrower is going to build 1,850 square feet homes with 4-bedroom, 2 […]
DEAL FEATURES: 29% Loan to Value based on current appraisal 12-month term with optional 6-month extension Experienced Repeat Borrower Built-In Interest Reserves Cash out to Borrower 10.5% return to investors This loan was collateralized by a first leasehold deed of trust on approximately 13,750 square feet of hangar space and approximately 1,154 square feet […]