Archive for Fund
Second Quarter Yield Posted
Pride of Austin High Yield Fund 1 is still performing strongly even in a flat economy. Our investors earned an annualized yield for the second quarter of 2011 of 14.3%. The YTD annualized yield for 2011 is 16.3% and the historical annualized yield distributed to investors is 14.4%. We are proud of the stability of [...]
Fix and Flip Money Available
We are actively seeking loan submissions for fix and flip properties in the Central Texas area. If you have a project that you would like us to consider for financing please submit a summary. We place more weight on the property than we do on the borrower. We make quick decisions and fund within 2 [...]
POAFund Opening for New Investments
We are opening the fund up to any level of investment through July 15, 2011 up to a total of $6MM in new investments. Normally we require notice of investment amounts over $100,000 but we have such an excellent flow of loans to be funded that we feel comfortable releasing the notice requirement through July [...]
POAFund Paid 18.3%
The managers of Pride of Austin High Yield Fund 1 distributed an annualized yield of 18.3% to the investors in the fund for the 1ST Quarter of 2011. A similar performance is anticipated by the managers for the second quarter of 2011. If you would like information on investing into the fund or converting your [...]
Summary of March Fundings
$190,000 Rehab loan for SFR in Austin, TX $150,000 Cash Out Loan against income producing property in Port Aransas, TX $325,000 Construction loan for a town home development in Houston, TX $150,000 Lot Warehouse loan for a town home development in Houston, TX $50,000 Rehab loan for a SFR in Austin, TX
We Have Money for 1 to 4 Family Properties
We are seeking loan package submissions on 1 to 4 family properties located in the Dallas / San Antonio / Austin MSA’s. We will lend up to 65% for acquisition and / or rehab. We protect brokers! Send us your loan requests!
POAFund Paid 14% in December
Pride of Austin High Yield Fund 1, LLC paid an annualized return to its member/investors of 14% for the month of December. The annualized return for the 4th quarter of 2010 was 13.61%. The managers of the fund attribute the success of the earnings to conservative underwriting of the loans and the fact that the [...]
POAFund paid 13.5% to Investors in November
The dividend yield paid to our investors in November was a 13.5% annulaized return. If you are not earning a high yield on your investments then you should contact us. Investing in First Deeds of Trusts at 50% LTV or less returns high yields!
Investing in Deeds of Trust in Central Texas
There is never a risk free investment but investing in deeds of trust in Central Texas certainly has a lower risk than in other real estate investments; especially in other markets throughout the US. Please read our recent posting to our blog, “Could Austin be Headed for a Housing Shortage”. Our investors are enjoying a [...]
Because it was the right thing to do
Of all the loans we have made this year my favorite loan was for $28,500. The borrowers were an older couple that have been paying their mortgage for over 15 years with not a single problem until the economy turned and their income crashed on them for a short period of time. As a result [...]
