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FIG Laguna Farms, LLC

Residential • Development • 16852 Idaho Center Boulevard, Nampa, ID 83687
Loan Number: #L0000006
Full Commitment $6,400,000
Available
$0
Investor Interest Rate
11%
Minimal Investment Amount
$1,000
Maturity Date
10/8/2021
Borrower
Fourplex Investment Group (FIG)
Loan to Value Ratio
70%

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About this property

Property Address
16852 Idaho Center Boulevard, Nampa, ID 83687
Property Details
Fourplex Investment Group, LLC established FIG Laguna Farms, LLC as the special purpose entity for the horizontal development of a townhome community located in Nampa, ID.
How the funds will be used

The borrower will utilize the funds to complete the horizontal development of the townhome lot community.
How the funds will be used

The borrower will utilize the funds to complete the horizontal development of the townhome lot community.

Financials

Borrower
Fourplex Investment Group (FIG)
Loan Offering
$1,000
Full Commitment
$6,400,000
Yield
11%
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
* Notes are structured as borrower payment dependent notes, not secured by any Connect Invest assets. Please review our Privacy Placement Memorandum for additional information.
Type of Project
Residential
Phase of Project
Development
6
Term
9 months with a 9 month extension for a total of 18 months.
Maturity Date
10/8/2021

Maturity date can fluctuate and is dependent on the date the loan funds.

Valuation Amount
$100,000
Loan to Value Ratio
70%
Exit Strategy
The Note will be paid-off as the borrower receives construction financing from individual buyers.

Borrower

Fourplex Investment Group (FIG)
Fourplex Investment Groups (FIG) expertise is building multi-family communities in expanding cities throughout the Western U.S.. FIG employs decades of executive management experience in the construction industry to construct cost efficient multi-family projects. These multi-family communities deliver sustainable real estate investments to thousands of investors within FIGs own network.