Amount needed to fund project
$425,000
Project value after completion
$1,764,700
Funding Deadline
May 19, 2017
Payout to investors
12% Annually
Project start date
August 1, 2017
Payout intervals
1% Monthly, No Servicing Fees
Anticipated completion date
August 21, 2017
This project was completed on
August 21, 2017
About this project
Skyridge Corner Lots: Millhaven Development in conjunction with Millhaven Homes has negotiated the acquisition of 10 residential lots. The Acquisition agreement was executed several months prior to the lots being fully developed. The time in between the contract and development allowed Millhaven to market the project before having to close on the purchase of any of the lots. Millhaven has already been able to put under contract (pre-sell) all of the lots to individual homeowners that will be building homes on these lots. We are anticipating closing 4 lots in the first 30 days and all 10 will be closed within 120 days. All lots have been presold and are primed to close in the first 90 days. We are prepared with back up reservations in the case that anyone falls out of contract. Millhaven Development has partnered with Secure Private Fund to supply to Millhaven Development the $400,000 cash required to secure $1.25m commercial bank loan.
NOTICE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. NOT AN OFFER TO SELL OR A SOLICITATION TO BUY. The information on this website does not constitute or form a part of any offer to sell or solicitation to buy securities nor shall it or any part of it form the basis of any contract or commitment whatsoever. Without limiting the foregoing, the information on this website does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not permitted under applicable law and is not being directed to any particular person or entity in any jurisdiction. No offers or sales of securities are being made via this website.
