DEBT INVESTMENT
3220 Spanish Moss Lane
Palm Harbor, FL
This Palm Harbor, Florida project was completed by an experienced real estate investor who we had completed plenty of projects with. We provided 80% of the purchase, and 100% of the renovation. Our 1st position note was secured by a mortgage, and our partners received monthly interest payments.
Sold: $450,000.00
3 Bds | 2 Ba | 1644 Sqft
-
This loan was a short-term loan, 9 months. The Borrower needed more time and we extended the loan for 3 additional months. My capital partners received monthly interest payments, and when the investor sold the property my investors were paid half of the extension points too.
-
1st Pos. Loan Amt = $353,000
Min. Slice Amt = $3,500
Partner Rate = 8.50% APR
Monthly Int. = $2,500.42
Loan Term = 9 months
Extension Term = 3 months
Extension Pts = $2,647.50
Actual Term = 10 months
Annualized Yield = 12.77%
If you are interested in learning more about how I and my partners structure our investments and, most importantly, how to mitigate your risks and cover your downside, then join my Investor Club for FREE!
