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CurrentMesa Verde TownhomesMesa, AZ · Vertical ConstructionCurrent balance$150,000
Rate12.0% · quarterly
Paid to you$22,500
MaturesJun 20, 2028
The loan
| Status | Current |
|---|---|
| Structure | Preferred equity · Preferred Equity |
| Closed | Jun 20, 2025 |
| Next payout | $4,500.00 on Dec 20, 2026 |
Your position
| Committed | $150,000 |
|---|---|
| Contributed | $150,000 |
| IRR to date | 12.1% |
The property
| Sponsor | Saguaro Residential |
|---|---|
| Last dollar | 78% of cost |
| Property | Residential · 48 townhomes on 4.3 acres |
| Address | 2200 E Southern Avenue, Mesa, AZ 85204 |
| Stage | Stabilised · 96% occupied |
A 48-unit townhome community, built 2023, 96% occupied. The preferred return is paid quarterly from operations.