What's Next...Other Transactions

After the featured property is funded and closed, we announce another, then another, and so forth, in sequence.

When the Lenders on each property have been paid back their principal and 12% interest within the 12 months, or, on the 366th day in the worst case, they are invited to a no-obligation, right of first refusal, first-come-first-served-basis, to repeat their investment in another property.

Our program of funding small projects is on-going. We offer opportunities to fund deals in sequence on a first-come-first-served-basis, from property to property.

We currently have 41 projects (properties) in this "small" category, scheduled for commencement over the next forty-eight (48) months.

Here's a glimpse of what's happening and to come:

Russell's Way - 20 Town Homes, Colorado mountains

(Construction loan of $1.4M is funded)

This is a new construction project that is ready for foundation pouring in November. All infrastructure is in place to the site and on the site. Development cost: $1.1M.

There are 9 separate floor plans ranging from 1,308 sq. ft. to 1,844 sq, ft., in 2 to 4 bedrooms, plus a den, basement and 1- or 2-car garage.

Pre-construction sales (3 sold) will be brisk for this eight month project.

Hier Lane (#2) - custom built estate on 35 acres in Colorado 's front range

This is the second site location of seven to be built over the next three or four years. Site #2 will involve two separate transactions. The first group of “Club Lenders” (about 70, or $950,000) will acquire the 35-acre parcel and hold the title for one year. The second group will advance the construction costs (about $1,250,000) of the 10,000 sq. ft. custom built estate. Developer will pre-sell the ultr custom home or re-finance the project before each group's one-year term elapses.

Soaring Eagle Lane - 2 residential properties in Colorado

Each of the two addresses in modest neighborhoods are single family homes requiring minor renovation. The first group of about 39 “Club Lenders” will finance the acquisition, renovation and sale of the smaller of the two properties. The second group of about 46 “Club Lenders” will do the same for the second, but slightly larger property. Both are in a strong, stable growth market and are targeted for re-sale in late ‘08 to early (late Spring) ‘09.