Loan on construction project labor

[James Lord]

We are an investment company and general contractor in Phoenix. We have multiple projects and from time to time have need for small, short term payroll loans. Minimum commitment is $10,000, we will take on up to 11 lenders interested ($110K total). The way it works is we will pay you 1% per month on what you agree to lend (proof of funds required). Should we require the funds at a later date, we secure you with a lien against a specific property and pay 10% per month until repaid on the money. The agreement is either until sale or next draw. So if you loaned $10K, it would pay $100 per month when not being used and then $1K per month if it is used. The agreement is for six months (you will keep the money available). If interested, let us know and we will provide more details.