Bridge Loan Secured by Entitled Land in Prosper, TX
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This hard money loan is secured by a prime parcel of entitled land in Prosper, TX, one of the fastest-growing cities in North Texas. The borrower is a seasoned storage developer who already has construction financing in place and is using this loan to refinance existing debt on the land in preparation for vertical development.
The site is valued at approximately $9,000,000 and is zoned for a high-end self-storage facility. With a conservative 38% loan-to-value (LTV) and a clear plan to build and stabilize the project, this loan offers both security and forward-looking potential.
Bridge Loan Secured by Entitled Land in Prosper, TX 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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Why We Like This Opportunity
Bridge Loan Secured by Entitled Land in Prosper, TX Highlights
This hard money loan is secured by a prime parcel of entitled land in Prosper, TX, one of the fastest-growing cities in North Texas. The borrower is a seasoned storage developer who already has construction financing in place and is using this loan to refinance existing debt on the land in preparation for vertical development.
The site is valued at approximately $9,000,000 and is zoned for a high-end self-storage facility. With a conservative 38% loan-to-value (LTV) and a clear plan to build and stabilize the project, this loan offers both security and forward-looking potential.
About the Neighborhood
Prosper, TX, is a high-growth suburb located just north of Frisco in the Dallas-Fort Worth metroplex. Known for its affluent population, top-rated schools, and pro-development city planning, Prosper has seen an influx of residential and commercial growth over the past decade.
Demand for storage solutions continues to rise alongside population growth and new construction in the area. With excellent visibility and proximity to major highways, this site is ideally positioned to serve both long-term residents and new homeowners in the region.
Why We Like this Opportunity
This loan provides investors with an opportunity to participate in the early-stage development of a high-demand asset class in a rapidly growing market. The borrower brings a strong track record in ground-up self-storage construction and has already secured funding for the buildout.
With conservative leverage, high-value collateral, and a clear path to refinance once construction is complete, this loan aligns well with Yieldi’s standards for strategic, asset-backed investments.
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.Investment Summary Of Bridge Loan Secured by Entitled Land in Prosper, TX
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 April 15, 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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