New Castle, PA
Single Family Home
|
Acquisition Loan
Please note that this investment is now closed. Information below is for historical purposes only.
This recorded 1st position mortgage investment was for a Term of 36 Months with a Target Return of 11.00% p.a.
Income was paid to the Investor monthly and the loan was secured against a non-owner occupied single family home located in New Castle, PA.
The loan was repaid earlier than scheduled (after 16 months) with the Investor receiving a higher return than the target return rate.
For details on currently available mortgage and lending investments, click View Open Investments below.
Basic Investment Details
Investment
$45,045
Asset Type
Monthly Gross
$16
Monthly NET
Cap Rate
65%
Projected ROI
Investor Feedback
“I have invested in multiple loans with David at Garnaco, some of which have already been paid back ahead of schedule.
I always receive my monthly interest on time, and David or his team are always available to talk if I have questions or concerns, and I have also referred friends and family to the program through the Introducer Program.”
