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Salt Lake Manse

Project Info

Type Mezzanine Debt
Return 11% Interest
Financed by Cash

Project Description

As our first mezzanine debt investment, this is a short term loan at a fixed rate of 11% on a fix-and-flip project in Salt Lake City. The loan is secured by a first position lien against a single-family residential property for the purpose of cash out and subsequent refinance or sale.