Our Offerings
Residential Hard Money Loan: Fix & Flip

Tear Down Property

Great property right in the heart of St Simons. It is a single family home that contains 871 sq ft and was built in 1948. It contains 2 bedrooms and 1 bathroom.

Annual Interest Login for details
Term Remaining Matured
Payment Monthly
Offering Size $0

Tear Down Property Details

Structure

Tax Document
1099-INT
Offering Structure
BPDN
x

SENIOR BPDN - PROMISSORY NOTE SECURED BY COLLATERAL SECURITY AGREEMENT

THIS 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

Investment Amount:

Annual ROI:

$0

Investment Summary Of Tear Down Property

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 Mo. 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 Mo. 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 Mo. Months with an option at Yieldi's discretion to extend. As of June 19, 2024 there are 12 Mo. 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.

Additional Resources

Understanding Hard Money Lenders: How They Work and Why You Need Them

Introduction In the fast-paced world of real estate investing, securing quick and reliable funding can be a game-changer. Traditional loans often come with a lengthy approval process and stringent credit requirements. This is where hard money lenders come into play. But what is a hard money lender, and how does it work? In this article,…

Why Yieldi’s In-House Loan Servicing Sets Us Apart

Introduction In the fast-paced world of real estate finance, Yieldi stands out as a premier hard money lender committed to exceptional service and performance. Since our inception in 2017, we have funded over $400 million in deals, underscoring our ability to deliver swift and reliable financing solutions. A cornerstone of our success is our decision…

The Risks Involved in Hard Money Lending and How They Are Mitigated

Introduction Hard money lending is a popular financing option for real estate investors, offering quick access to funds with fewer qualifications compared to traditional bank loans. However, this form of lending carries its own set of risks. Understanding these risks and the strategies used to mitigate them is crucial for anyone involved in the hard…

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