Bridge Loan - Loan #03-3087

 
DESCRIPTION
First Trust Deed for a bridge loan on a 2,842 square foot commercial office building located within the 41 acre Centennial Springs Urban Village, a unique neighborhoood currently under development. Centennial Springs is a self-contained, mixed-use community featuring residential, office, and retail properties. The community emphasizes a design philosophy that provides a wide range of housing in close proximity to shopping, jobs, and recreation.
 
Located in fast growing northwest Las Vegas, Centennial Springs is just off I-95 on the southwest corner of Tule Springs Road and Farm Road in Las Vegas, Nevada. The office building securing our loan is 50% leased by Body Kinesis, which should open within two weeks. The other 50% of the building is available for lease. 
 
Estimated Value: $1,235,000.00
Appraisal Source: Valuation Consultants / January 2008
Loan-to-Value (based on appraised value): 75%
Loan Amount: $926,300.00
Yield (principal value > $100,000): 12.25%
Yield (principal value < $100,000): 12.00%
Term: 12 months
 
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.