Your loans
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CurrentHarbor Point Mixed-UseTacoma, WA · Vertical ConstructionCurrent balance$320,000
Rate12.0% · monthly
Paid to you$27,200
MaturesSep 2, 2027
The loan
| Status | Current |
|---|---|
| Structure | Construction loan · Debt |
| Closed | Sep 2, 2025 |
| Next payout | $3,200.00 on Oct 31, 2026 |
Your position
| Committed | $400,000 |
|---|---|
| Contributed | $320,000 |
| IRR to date | 12.1% |
The property
| Sponsor | Sound Harbor Development |
|---|---|
| Loan to cost | 68% |
| Property | Mixed-use · 96 units · 14,000 sq ft retail |
| Address | 1550 Dock Street, Tacoma, WA 98402 |
| Stage | Under construction · draw 4 of 5 |
Two four-storey buildings: 96 apartments over 14,000 sq ft of ground-floor retail. Framing is complete on the north building.