Village at St. Rose, LLC

Commercial • Development • 1575 and 1655 E Cactus Ave, Henderson, NV 89183
Loan Number: #L0000016
Loan Amount
$10,000
Investor Interest Rate
9%
Minimal Investment Amount
$1,000
Maturity Date
4/28/2022
Borrower
Stable Development
Loan to Value Ratio
73%
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100% Funded
$10,000 of $10,000

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About this property

Property Address
1575 and 1655 E Cactus Ave, Henderson, NV 89183
Property Details
Stable Development acquired a 12.5 acre parcel of land approximately 13 miles south of downtown Las Vegas in 2018. Since that time they have been working with the city and county official to complete zoning for mixed use. Mixed use zoning has been approved and the developer is now working to gain tentative mapping approval for a 300,000 sq ft development that will feature a mix of retail, office and medical space.
How the funds will be used

Development

Borrower will utilize funds for the refinance and construction of the property.
How the funds will be used

Development

Borrower will utilize funds for the refinance and construction of the property.

Financials

Borrower
Stable Development
Loan Amount
$10,000
Yield
9%
Principal Balance > $100,000
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
Guaranty
This is a Borrower Dependent Note, therefore, there are no guarantors.
Loan to Value Ratio
73%
Type of Project
Commercial
Phase of Project
Development
18
Term
9 months with an optional 9 month extension available to the Borrower for a total of 18 months.
Valuation Amount
$17,300,000
Exit Strategy
Sale or refinance of the property upon completion.

Borrower

Stable Development
Stable Development has successfully developed over 550,000 sq. ft. of Medical and Professional office space. Known for its Shared Equity Ownership Model, Stable Development identified a need in the market place and brought the solution to So. Nevada. Stable Development was established with the vision to enable medical and professional business owners the opportunity of building ownership with minimal cash outlay. The revolutionary Shared Equity Ownership Model empowers tenants to literally take ownership of their office space.