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Current Offerings Available for Funding |
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| Muschetto Subdivision at City of Citrus Heights, 7108 Antelope Citrus Heights, CA 95621 |
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Muschetto subdivision is settled on 9.2 acres in City of Citrus Heights, CA and approved by City for construction of 46 single family residence homes. Lot sizes vary from 5,225 sq. ft. to 9,418 sq. ft. Underground construction is scheduled to begin in January 2008. Tentative map and improvement plans are approved. |
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| Loan Amount: $17,480,000
Loan Term: 18 Months
Interest Rate: 13%
Appraised Value: $25,675,000
Loan to Value (LTV): %68.08
Security: Recorded First Deed of Trust |
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| Briar Meadows Subdivision at City of Auburn, 12520 New Airport Road. Auburn, CA |
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Briar Meadows Subdivision is located in City of Auburn on 14.0 acres and designed for the construction of 36 one and two story single family residence homes. Lot sizes from 9.412 sq. ft. up to 14,805 sq. ft. Tentative map and improvement plans are approved by Placer County. |
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| Loan Amount: $5,350,000
Loan Term: 18 Months
Interest Rate: 13%
Appraised Value: $8,290,000
Loan to Value (LTV): %64.61 Security: Recorded First Deed of Trust |
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Recent Projects (already completed, notes available for sale) |
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Magpie Creek Condominiums Sacramento, CA 95834 |
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Construction of a 60 unit Condominium complex located in the city of Sacramento consiting of 30 units - 1 bedroom 1 bath and 30 units - 2 bedrooms 1.5 or 2.5 bath. These condominium homes is conveniently located near I-80 and Norwood Avenue. |
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| Loan Amount: $8,000,000.00
Loan Term: 12 months
Interest Rate: 13%
Appraised Value: $12,000,000.00
Loan to Value (LTV): 67%
Security: Recorded First Deed of Trust
Minimum Investment: $100,000
Available to Fund: $200,000.00 |
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