Local Loan Company $50,000,000 Offering of Participation Interests Aggregating in Various Loans Secured by Real Estate
For California Residents and Companies only or Non-US Companies and Residents.
Scheduled yields of 7% to 16%
Secured by First Mortgages on Income Producing Properties
Title to the loan is vested in Your Name (as to your percentage of ownership) or the loan can be vested at your instruction
You will receive both Title Insurance and Fire Insurance policies
Loans originated and serviced by a nationwide servicing company
You can invest with as little as $5,000
Not every investor is suitable to invest in first mortgages. You need either a net worth of $500,000 (exclusive of home, furnishings and automobiles) or income greater than $65,000 and a net worth greater than $250,000 (exclusive of home furnishings, and automobiles).
*Net of servicing fees, assuming the loan pays as agreed. This does not constitute an offer to purchase first mortgage investments. An offer is made only through an Offering Circular. Investing in first mortgage investments involves substantial risk. Please be sure to read the Risk Factors section of the Offering Circular before investing.