Cash Out Refinance of Single Family Home in Luxurious, Sandia Heights
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The borrower is seeking a $200,000 loan, representing a 36% loan-to-value, secured by a well-maintained single-family home in a desirable Albuquerque neighborhood. The property is owned free and clear, providing strong collateral and a straightforward transaction. Recently appraised at $550,000, the home offers significant equity protection, making this a well-secured investment.
The area benefits from rising property values, strong market demand, and Albuquerque’s expanding film and television industry, which continues to drive economic growth.
Cash Out Refinance of Single Family Home in Luxurious, Sandia Heights Details
Structure
- Tax Document
- 1099-INT
- Offering Structure
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BPDNx
SENIOR BPDN - PROMISSORY NOTE SECURED BY COLLATERAL SECURITY AGREEMENTTHIS PROMISSORY NOTE IS SECURED BY THE ISSUER'S PLEDGE OF THE RELEVANT UNDERLYING COLLATERAL LOAN (AS DEFINED BELOW) TO THE LENDER (AS DEFINED BELOW) UNDER THE COLLATERAL SECURITY AGREEMENT AND PROMISSORY NOTE. HOWEVER, EXCEPT TO THE LIMITED EXTENT PROVIDED IN THE PROMISSORY NOTE WITH RESPECT TO THE UNDERLYING COLLATERAL LOAN, THIS NOTE IS NON-RECOURSE TO THE ASSETS, FUNDS AND ACCOUNTS OF YIELDI, LLC (THE "BORROWER", "COMPANY" OR "ISSUER") OR ANY OF ITS AFFILIATES, EMPLOYEES, AGENTS, STOCKHOLDERS, PARENTS, OR SUBSIDIARIES EXCEPT TO THE EXTENT OF THE VALUE OF COLLATERAL LOAN NET PAYMENTS ACTUALLY RECEIVED IN RESPECT OF THE UNDERLYING BORROWER LOAN.
Example Return on Investment
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Investment Amount:
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Annual ROI:
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$0
Why We Like This Opportunity
Cash Out Refinance of Single Family Home in Luxurious, Sandia Heights Highlights
This well-maintained single-family home in Albuquerque, NM, presents a strong investment opportunity. The borrower is leveraging the property’s equity to reduce business expenses and acquire new equipment, positioning their business for long-term growth. The home features four bedrooms, three bathrooms, and a spacious 2,676-square-foot layout with modern amenities, including a kitchen island, walk-in closets, beamed ceilings, skylights, and multiple living areas. With a low 36% loan-to-value ratio and a first-position lien, the loan is well-secured by a high-quality asset in a strong market.
About the Neighborhood
Located in Sandia Ridge, one of Albuquerque’s well-established neighborhoods, this property benefits from strong housing demand and continued real estate appreciation. The area is known for its quiet residential charm, with a mix of classic and updated homes that attract families, professionals, and investors alike. Sandia Ridge offers convenient access to shopping, dining, and entertainment while maintaining a suburban feel with proximity to major roadways and employment hubs. Additionally, Albuquerque’s expanding film and television industry has boosted the local economy, creating jobs, increasing housing demand, and strengthening real estate values in desirable neighborhoods like Sandia Ridge.
Why We Like this Opportunity
The borrower is an established entrepreneur in the film industry, having contributed to major productions such as Inception and Captain America, demonstrating strong financial management skills and business acumen. With substantial equity in the property and a clean title, this loan presents a low-risk, high-security investment.
The exit strategy involves refinancing into a conventional mortgage, leveraging the property’s appreciation potential and strong market fundamentals. Given the borrower’s track record of successful project management and the stable demand for well-located residential properties in Albuquerque, this deal offers a secure lending opportunity with a clear path to repayment.
Personal Guarantee
The Loans are personally guaranteed by the borrower, spouse, and all principals in the LLC. Additionally, the Sponsor and/or Guarantor are obligated to contribute monthly payments to maintain a tax and insurance reserve. Failure to adhere to reserve contribution requirements would lead to the triggering of a debt service and operating expense/shortfall guarantee.
Upfront Reserve
The Loan is structured with interest reserve for further protection. 12 months of debt service payments will be collected at closing.Investment Summary Of Cash Out Refinance of Single Family Home in Luxurious, Sandia Heights
Investors have an opportunity to invest in borrower payment dependent notes, the cash flow of which is dependent on the payment of interest and principal repayment on the Loans. Investors are scheduled to receive an annualized monthly interest payment of Login for details over the Loans' estimated remaining term of 12 Months. Principal is expected to be returned on or before maturity through a refinancing with a traditional bank loan. It is important to note that the Loans are eligible for prepayment, and principal may be repaid prior to the 12 Months estimated remaining term. If the Loans are paid off before maturity, investors are expected to receive at least three months of interest payments in addition to return of principal.
How Do I Get Paid?
This loan had an initial term of 12 Months with an option at Yieldi's discretion to extend. As of February 18, 2025 there are 12 Months remaining. Investors will immediately receive monthly interest payments at an annualized rate of Login for details on the principal balance over the life of the loan. If you invest in this loan in the middle of a month, you will receive a prorated interest payment for your investment for your first investment month and then full monthly payments thereafter. All payments are made automatically via ACH on the 1st of each month and investors all paid by the 10th of the month.
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