Investor Call
For the investors who have been waiting to invest in Pride of Austin High Yield Fund 1: We have identified $2MM in properties that the fund will be lending $1.1MM against in January and Februray of 2010. The funds will be lent out at 13% plus 3 points with terms of 1 year or less. This will effectively increase the yield to the fund of 14% from these loans (the management company is paid 2% to service and manage the fund as per the management agreement). Obviously there is no guarantee of the total annual yield for the fund through 2010 but this is a great start to increasing the return to our investors. Contact us immediately if you would like more information about investing in the fund.
If you didn’t earn 12% or more on your money in 2009 then you didn’t invest with Pride of Austin.
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