Cully Green

Well-secured 22 unit condo community in NE Portland with 17 pre-sold units.

Investment Yield: 7.9%
Maturity Date: 11/13/2020

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Project Overview

Equity Multiplier

7.9%

Investment Yield

target IRR

58%

Loan-to-Value

Minimum Investment

$50,000

Minimum Investment

Investment Terms

11/13/2020

Maturity Date

Minimum Investment

$6,300,000

Loan Amount

Total Sqft

$10,914,000

As Completed Value

Total Sqft

32%

Percent Complete

Residential Units

22 Unit

Condo/Townhome

Cully Green

This project is a 22 unit condo community in NE Portland. The builder has already secured 17 pre-sold, ALL of which are secured with sizable escrow deposits. Our loan commitment will be paid off with 15 of the unit sales.

Project

This particular project is one of the most secure projects in our entire portfolio, the borrower has invested over $1MM of his own money into this project. We believe this will be fully paid off by Feb 2021.

FAQ’s

How do I invest in a Trueline Direct opportunity?

Please fill out the form, send us an email at [email protected], or call us at (800) 292-6561 to learn more about the investment opportunity with Trueline Direct.

Once we have received the desired investment amount and entity information, one our team members will follow up with additional participation information

What information is provided in support of an investment analysis prior to committing funds?

After the accreditation verification and NDA are complete, you will receive an invitation to a deal room specific to the projects that you are interested in investing in.

Do Trueline Direct investments provide a monthly distribution

Yes, returns are distributed monthly via ACH or Check.

Is my investment money returned at loan maturity?

Most of the time, yes, but it is loan dependent. There are times when a project goes longer than expected and an extension of the loan terms are required to fulfill the loan commitment to the borrower.

Do the extension fees get shared with the participant?

Yes, the extension fees paid by the borrower are shared with the participant’s based on their percentage of ownership in the loan.