Land Acquisition - Loan #03-3081
 

DESCRIPTION
First Trust Deed for the acquisition of land that encompasses 93 fully-developed residential lots located in the Twilight at North Ranch development, near North 5th Street and the 215 Beltway in Las Vegas, Nevada. The borrower has begun construction of the two model homes. The model home lots are NOT collateralized by this deed of trust. This trust deed will have multiple principal pay downs: per 5-lot increments at an accelerated rate of 105%. 
 
Loan Amount: $2,800,000.00 ($30,107.53 per lot)
Estimated Value: $4,929,000.00 ($53,000.00 per lot, based on a March 7, 2008 purchase price.)
Loan-to-Cost: 57%
Borrower Equity: To date, the borrower has expended approximately $2,100,000.00 of their own funds into this project.
Yield (principal value > $100,000): 12.25%
Yield (principal value < $100,000): 12.00%
Term: 18 months with two optional ninety day extension periods
 
If you are interested in this investment, contact an Investment Representative at Consolidated Mortgage at 877-739-9094 or visit our website at www.consolidatedmortgage.com.
 
ABOUT US
Founded in 1977, Consolidated Mortgage is a private real estate investment firm that provides investors with the opportunity to invest in short-term real estate investments secured by Deeds of Trust while earning a double-digit annual return. On behalf of our investors, Consolidated Mortgage originates, underwrites, funds and services, among other things, land acquisition, development and construction loans for homebuilders and commercial developers, primarily in the western United States.
 
Consolidated Mortgage has acquired not only the experience, but the sophistication essential to maintaining investor confidence and respect. This experience is used to provide investors with an environment to build their financial future. Currently, Consolidated Mortgage manages over $500 million in loans funded by nearly 4,000 private investors.
 
We pride ourselves in providing the highest quality customer service, employing industry leading professionals and maintaining the highest standards of compliance and due diligence in the trust deed investment industry. 
 
DISCLAIMER
 
As with all types of investments there are inherent risks when investing in Trust Deeds. Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. Consolidated Mortgage requires that investors meet minimum suitability standards to ensure that the investor's financial conditions and investment goals warrant the risk of the investment. Consolidated Mortgage, LLC • 1291 Galleria Drive, Suite 220, Henderson, NV 89014 • 702-739-9090 • Mortgage Lending Division License #284.