Make 12% APR on 53% ARV over 12 months: NY Crowdfunding Opportunity

[AdaPia DErrico]

Our crowdfunding portal, PatchofLand.com has another loan opportunity available and it's already more than 50% funded. We have issued a 12 month loan to an established real estate developer experienced in the New York City area at a rate of 12% with a first position lien on the property and a signed personal guarantee.

We are syndicating the loan out to our clients with only a $5,000 minimum commitment. This is a rehab and flip project and accredited investors will start earning interest immediately since we are pre-funding the project.

Earn interest at a 12% rate and let us handle the work!

The property is: 89-09 120th St. Richmond Hill NY

https://patchofland.com/investments/richmond-hill-ny-multi-family.html

Total Loan: $350,000 with $195,000 already filled

• 12% Loan - managed by Patch of Land, interest paid monthly, balloon payment at maturity
• 53% ARV
• First Position Lien
• Signed Personal Guarantee on the loan
• Borrower with strong credit, extensive experience and high income.
• Borrower has given a $90,000 down payment and will provide an additional ~$65,000 for rehab and closing costs

If interested, send me a PM and I