New Castle, PA
Single Family Home
|
Bridge Loan
Please note that this investment is now closed. Information below is for historical purposes only.
This recorded 1st position mortgage investment was originated in May 2022 with a Term of 36 Months, and a Target Return of 9.67% p.a.
The Investor received monthly interest payments, 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 15 months) with the Investor receiving a higher return than the Target Return.
Review the details for this Loan below, and to access currently available performing mortgage and private money lending investments, click View Open Investments below.
Basic Investment Details
Investment
$39,000
Asset Type
Monthly Gross
$15
Monthly NET
Cap Rate
65%
Projected ROI
Investor Feedback
“After being introduced to Garnaco by a family member, my Wife and I have invested in a number of mortgage notes with David.
These investments have performed above our expectations. We have always received our interest payments on time, and so far every loan has been paid back ahead of schedule at a higher rate of return."
