First Lien Mortgage Debt Fund 621
Type: Debt
Target: $1,250,000
Annual Return: 8.50% - 8.75%
Min-invest Amount: $10,000
Duration: 6 – 18 Months
Project Funded
| Expected Dividend Calendar | ||||||
|---|---|---|---|---|---|---|
| Round of Dividend | Dividend Date *1 | Counting Date | Ending Date | Dividend Period | Notes | |
| First | No Later than 11/22/2024 | 11/14/2024 | 5/13/2025 | 181 days | Prepaid Dividend *2 | |
| Second | No Later than 5/22/2025 | 5/14/2025 | 11/13/2025 | 184 days | Prepaid Dividend | |
| Third | No Later than 11/22/2025 | 11/14/2025 | 5/13/2026 | 181 days | Extension Option Owned by Developer*3 | |
*1 In case of holidays and non-working days, the dividend date will be automatically postponed to the next working day.
*2 Investors will receive a minimum of 6 months of dividend; dividends will be calculated in terms of days till Borrower repays the loan.
*3 After the first dividend period, Borrower owns 2 extension options, and investors will receive dividends accordingly at the same dividend rate.
- Up Coming.
PPM (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Operating Agreement (Only available to accredited investors)
Appraisal (Only available to accredited investors)
Appraisal (Only available to accredited investors)