Invested: $250,000 thousand
The club members loaned money to a private company secured against all assets of the company including its accounts receivables (which exceeded $2 million). We also received a personal guarantee from the owner of the company and a lien on the owner’s personal residence. This loan is secured at a 12 to 1 ratio for collateral.
LVIC Club members who invested receive 12% APR paid monthly.
THIS DEAL IS ONGOING WITH ALL PAYMENTS MADE.