Amount needed to fund project
$615,000
Project value after completion
$855,000
Funding Deadline
September 22, 2017
Payout to investors
12% Annually
Project start date
September 22, 2017
Payout intervals
1% Monthly, No Servicing Fees
Anticipated completion date
December 15, 2017
This project was completed on
December 15, 2017
About this project
With the acquisition of a large parcel of land that will be split into two parcels, Millhaven Development was able to negotiate a low price of approximately $9.50 per foot when other land in the area is selling for $12 per foot. This property will either be flipped to a commercial developer quickly or a lot loan from a bank will be obtained within three months to pay-back Secure Private Fund, or a construction loan will be obtained within six months for construction of a two or three story building.
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