No.  To date First Lien Lending has not foreclosed on a real estate project. However, it’s worth noting that while FCF “cherry picks” the best loans and borrowers available in this economy, foreclosures can happen.  Because of this reality, should a foreclosure occur we have measures in place to effectively address the issue.  When foreclosures happen, due to the large amount of equity, it is possible for the loan to be fully repaid via sale and returning a profit exceeding the expected yield; however, there is a potential for a loss to occur.  If a loss is in fact recognized, its more common that losses are minimal still preserving the principal; keeping in mind that there is never a 100% guarantee of total principal security.  Please note that reasonable and standard admin and legal fees will apply in the situation of a foreclosure; please see the loan servicing agreement for details.

*Net of loan servicing fees, assuming loan is paid as agreed. Past performance does not ensure future success. Money invested in trust deeds is not guaranteed to earn interest or insured or regulated by the FDIC..