As a licensed California finance company, Milestone Financial LLC (“Milestone”) funds secured loans having the following minimum requirements:
The loan is secured by real property located in California.
The loan is only for use as business, investment and non-consumer purposes.
The loan is not considered “Covered”, “Federally Regulated” or a “Qualified Mortgage”.
The real property securing the loan is not currently or intended to be occupied by the borrower.
As a licensed wholesale finance company, Milestone Financial LLC (“Milestone”) makes loan in California pursuant to California Department of Business Oversight Financing Law License 60DBO 73257. Borrowers must sign a loan purpose affidavit which certifies and warrants that any loan provided by Milestone is secured by said real property, is held for investment purposes and is not currently or intended to be occupied by said borrower. Borrowers must certify and warrant that the proceeds of said loan is or shall be for either business, commercial or investment purposes, and shall not be used primarily for agricultural, farming, personal, family, household or other consumer purposes. Further, any debts, mortgages, costs, which may be paid from said loan proceeds, shall be solely in connection with such business, commercial or investment purposes and not in connection with any agricultural, farming, personal, family, household or other consumer purposes. Borrowers understand Milestone and any broker representing borrower shall each rely upon and accept as true the representations made in the loan purpose affidavit. Each such representation shall be conclusively presumed to have been relied on by said broker and Milestone, regardless of any investigation made or information possessed by said broker and/or Milestone. Each warranty, representation and agreement contained in this affidavit are true and correct on the date signed and shall be automatically deemed repeated and reaffirmed on the closing and funding of said secured loan. Copies of this loan purpose affidavit are available upon request review by prospective borrowers, and/or their designated broker or legal counsel.
Milestone Financial LLC (“Milestone”) operates under SEC permit CIK 000163997 under Rule 506C within Regulation D of the Securities Act of 1933. Risk of loss and variations in yield can occur based on one or more factors including decrease in property values, borrower credit, government regulation and other factors. Yield calculations are annualized and net of fees. Offering is limited to accredited investors and is not insured. Past performance is not a guaranty of future performance. You must contact the company to establish whether new investor applications are being taken or whether the company is taking new funds. Read the Private Placement Memorandum and all related documents thoroughly before investing.