Our Offerings
Residential Hard Money Loan: Fix & Flip

Kennesaw, Georgia Residential Property

Kennesaw, Georgia Residential Property Main Image
Kennesaw, Georgia Residential Property image 1

Located just Northwest of Atlanta, Kennesaw is home to above average school districts, gorgeous homes, and bustling communities. This property has 3 bedrooms, 2 bathrooms and approximately 1,312 sqft of floor space. This property was built in 1986.

Annual Interest Login for details
Term Remaining Matured
Payment Monthly
Offering Size $1,000,000

Kennesaw, Georgia Residential 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 Kennesaw, Georgia Residential 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 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 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 Months with an option at Yieldi's discretion to extend. As of July 27, 2024 there are 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

Top Tips for First-Time Real Estate Investors Using Hard Money Loans

Investing in real estate can be a lucrative endeavor, especially for first-time investors exploring opportunities with hard money loans. These loans, typically offered by private investors or companies, are secured by the property itself and are often favored for their quick approval process and flexibility. However, navigating this financial landscape requires careful consideration and strategic…

Using Hard Money Loans to Purchase a Property on a 1031 Exchange

Introduction Real estate investment can be a lucrative venture if approached with the right strategies. One such strategy is using a 1031 exchange to defer capital gains taxes, which can be further optimized by employing hard money loans. This article will explore the concept of a 1031 exchange, delve into the specifics of hard money…

Comparing Hard Money Loans to Traditional Bank Loans: Pros and Cons

Introduction When it comes to securing financing for real estate investments, borrowers often find themselves weighing the options between hard money loans and traditional bank loans. Each type of loan has its own set of advantages and disadvantages, catering to different needs and circumstances. Understanding the key differences can help investors make informed decisions that…

Question?