Our Offerings
Commercial

Lakeville, MA

Lakeville, MA Main Image
Lakeville, MA image 1 Lakeville, MA image 2 Lakeville, MA image 3 Lakeville, MA image 4 Lakeville, MA image 5

The building is 35,832 rentable square feet of space already on an established fully leased (since 2018) property in Massachusetts.

Annual Interest Login for details
Term Remaining Matured
Payment Monthly
Offering Size $3,900,000

Lakeville, MA 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

Why We Like This Opportunity

Property Highlights

Yieldi is proud to present an exclusive offering to our investors. An attractively priced, first lien mortgage on an established fully leased (since 2018) property in Massachusetts. The building is 35,832 rentable square feet of space and leased by Bountiful Farms, Inc. Tenant’s use of the property for the permitted use is intended to be fully consistent and compliant with Massachusetts St. 2012, c. 369. The exit strategy is already in place with a traditional lender who the sponsor believes will take about 6 months to close. Yieldi has a copy and vetted the new term sheet from the lender.

 

 

Location

About the Neighborhood

This commercial property is located in Lakeville, Massachusetts, which is about an hour south of Boston. This neighborhood is a definite contrast to the bustling streets of Boston. Lakeville is one of the largest industrial parks in the state with many manufacturing businesses calling it home. With many recreational parks in proximity, the residents of this neighborhood can look in any direction for a glimpse of the elegance the natural scenery provides.

Experienced Borrower

Experienced Borrower

The borrower is a successful real estate investor in high-end real estate industry in Florida. He’s sold multiple Florida homes for over $2M+ and has a high net worth and strong liquidity.

First Priority Mortgage Lien Position

Seniority

The first-priority mortgage lien position is the most senior and highest priority within the capital structure. In the event that a borrower defaults, the lien priority determines the order in which lenders are repaid. Senior lenders are always repaid first. All subordinated positions, including the amount held by the Originator and its investor syndicate, act as a buffer in the event of a deterioration in the Properties’ value.

Personal Guarantee

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

Upfront Reserve

The Loan is structured with interest reserve for further protection.  12 months of debt service payments will be collected at closing.

What Should I Consider When Investing in Lakeville, MA?

Borrower Risk

The Borrower may not have represented itself accurately.

Risk Mitigation

  • The Originator checks the Borrower's credit history via a third-party credit reporting company.  The Borrower has a 700 credit score.
  • The Originator considers the underlying asset to be the primary source of security.
  • If the Loans are not fully repaid after the Lender has exhausted other sources of repayment, the Borrower has provided a personal guaranty to fulfill any deficiency.

Default Risk

The Borrower may default on his financial obligations.

Risk Mitigation

  • If the Loans are not fully repaid after the Lender has exhausted other sources of repayment, the Sponsor has provided a personal guaranty to fulfill any deficiency.
  • In the event of a default, a direction letter signed at closing by the Borrower will be sent redirecting the Tenant to make rent payments into an account controlled by the Originator.

Vacancy Risk

The Tenant may vacate the leased properties.

Risk Mitigation

  • The Tenant is an investment grade rated company with sizable financial resources.
  • Under the triple-net leases, the Tenant is under multi-year contract to pay rent with no option to terminate.
  • If the Tenant decides not to renew any of the leases or to vacate the leased premises, the Borrower will pay for an appraisal of the property “as vacant” and the borrower will have to provide the additional cash collateral and/or pay down the loan (or any combination in between) within ten days of receipt of the appraisal in order to bring the property back to an LTV.

Investment Summary Of Lakeville, MA

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 March 4, 2022 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.

Additional Resources

Private Lending Companies Near Me: Unlocking Real Estate Investment Opportunities

When you need fast, flexible financing, private lending companies can provide the solution you’re looking for. In this competitive real estate market, whether you’re a seasoned investor or just getting started, private lenders offer tailored loan options that are difficult to find with traditional banks. If you’ve ever searched “private lending companies near me,” you’re…

The Remarkable Success of the Hotel Industry: A Spotlight on Yieldi’s Impact

The hotel industry stands as a beacon of resilience and growth, a sector that continues to flourish even amid challenges. Fueled by the innovative financing opportunities provided by companies like Yieldi, hoteliers are experiencing newfound financial support and flexibility. This article shines a light on the ongoing success within the hotel industry, focusing on Yieldi’s…

Hard Money Lenders In My Area: The Complete Guide to Securing Fast Real Estate Financing

Navigating the world of real estate financing can be a complex task, especially when traditional banks can’t provide quick solutions. For investors needing fast capital, hard money lenders offer an alternative route. But how do you find the best hard money lenders in my area? This article explores the essentials of hard money lending, the…

Question?