(#7217) Florida, $2.4m, debenture note: Land deal - Florida condominiums development on fully approved beach lot

Investment Summary:

Amount: up to $2,350,000 (61% LTV)

Interest: 14% p.a.

Interest Payable: 7% at Closing

                           7% at Maturity

Property Type: Commercial - condominium tower development approved

Term: 12 Months (Additional 12 Months roll over option).

Prepayment: The debt can be prepaid without any fee or penalty however Interest for full Term must be paid.

Security Interest: First Lien Position , Including condominium tower approvals.