ALTA Fix-n-Flip: Midwest
- Committed to Date
$0 USDC
- Term
0 Months / 0 Days - Interest Rate
0.00% - Interest Redemption
Daily
- Open To
Global residents - Go Live Date
April 19, 2023 - Minimum Goal
$39,900 - Type of Offering
Preferred Equity - Sponsoring Entity
Alta Fix-n-Flip x RI 1 LLC
Summary
We are excited to launch our first offering for our Fix-n-Flip real estate products. The use of capital is to provide Alta Fix-n-Flip x RI 1 LLC with capital as we close on residential assets in our target geographic areas in the Midwest.
Highlights
- Alta Fix-n-Flip x RI 1 LLC plans to purchase & flip two to four single-family residences across the midwest
- The use of funds is for equity, closing costs, and rehab related to preparing the potential assets for listings
- Financing period is 1 year or 12 months
- Interest rate is 14% per year, with a full interest reserve in the smart contract
Financial Highlights
| Capital Utilized | $34,103 USDC |
| Interest Reserve (On-Chain) | $4,774 USDC |
| Fee | $1,023 USDC |
| Total | $39,900 USDC |
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained on this website are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. You are cautioned not to place undue reliance on forward-looking statements.
Definitions for Promissory Note:
Alta Finance Inc. who will assign to Alta Fix-n-Flip x RI 1 LLC ("Offering Sponsoring Entity", "Borrower")
1280 S 800 E, Suite 200, Orem, UT 84097 (Utah County) ("Address for Notice Purposes")
View our full legal disclaimers here.