Asset-Backed Private Note

Pembrook Townhouse
Investment Opportunity

Short-term, asset-backed private note secured by a Houston townhouse project that is 70%+ complete with $150K in remaining construction draws already approved.Target repayment: 3 months · Worst case: 6 months

Investment Terms

Target Term
3-Month Target
~50%

Annualized · Daily simple interest on outstanding balance

$50K held full 3 monthsUp to $6,250
Daily rate0.137% / day
Pay back early?Interest stops immediately
Worst Case
6-Month Ceiling
~50%

Annualized · Daily simple interest on outstanding balance

$50K held full 6 monthsUp to $12,500
Daily rate0.137% / day
Pay back early?Interest stops immediately

Why This Works

Asset-Backed Security

Your investment is secured by a second lien on the Pembrook townhouse property in Houston, TX. Real property, real collateral.

70% Already Complete

This is a completion play, not a ground-up build. The hard part is done — permits approved, construction underway, loan in place.

$150K in Draws Available

CenterStreet Lending has $150K in remaining construction draws approved and ready to disburse as milestones are hit. The project self-funds to completion.

Daily Interest — Pay Less When You Pay Early

Interest accrues daily on the outstanding balance only. Any payment reduces your principal immediately and lowers the daily interest going forward. The faster we pay it back, the less total interest is owed. No prepayment penalty.

Deal Structure

PropertyPembrook Townhouse, Houston, TX 77016
Current Loan~$515,000 (CenterStreet Lending)
Remaining Draws~$150,000 approved
Rehab Budget~$80,000 to complete
Capital Raise$50,000
SecuritySecond lien on property
Interest Rate~50% annualized (0.137% daily)
Interest StructureDaily simple interest on outstanding balance only
Partial PaymentsReduce principal immediately — lowers daily interest
PrepaymentAllowed anytime, no penalty — you only pay for the days held
MaturityPaid at sale or refinance (whichever comes first)
Exit StrategySell or refinance upon completion

How Interest Works

Interest is calculated daily on the outstanding balance only. Partial payments reduce your principal immediately.

EventOutstandingDaily InterestInvestor Earns
Day 1 — Funds deployed$50,000$68.50/dayAccruing daily
Day 14 — $20K returned$30,000$41.10/day$959 earned so far
Day 30 — $15K returned$15,000$20.55/day$1,617 earned so far
Day 45 — Paid in full$0$0~$1,925 total interest

Compare: if held the full 6 months with no early payments, total interest would be ~$12,500. Early repayment saves the borrower money while the investor still earns for every day their capital is deployed.

Use of Funds

Property rights acquisition$30,000
Initial rehab costs (before first draw)$15,000
Carrying costs (insurance, utilities, permits)$5,000
Total Capital Raise$50,000

After the initial $50K is deployed, the remaining $150K in construction loan draws funds the rest of the rehab. No additional capital needed from investors.

Projected Exit — Per Unit

Three separate units, three separate sales. Each can be sold or refinanced independently — investors are paid back from the first proceeds.

Buyer interest update: We have been receiving inquiries from buyers interested in purchasing the entire 3-unit compound as a single transaction — which would accelerate the exit and retire the investor note in one closing.

Primary Residence
9132 Pembrook St
1,800 sq ft
$395,000
Projected sales price
Accessory Dwelling Unit
9134 Pembrook St
2,796 sq ft
$352,500
Projected sales price
Accessory Dwelling Unit
9136 Pembrook St
2,796 sq ft
$352,500
Projected sales price
Total Projected Sales$1,100,000
Senior Debt Payoff~$515,000
Investor Principal ($50K Note)$50,000
Investor Interest (3-mo target)~$6,250
Closing & Carrying Costs (est.)~$80,000
Sponsor Equity / Cushion~$448,750

The investor note ($50K + interest) is paid from the first sale proceeds — not the last. Even if only one unit closes, there is more than enough cash flow to fully retire the note.

Documents & Due Diligence

Independent appraisals and city-approved construction plans. Click to download.

Approved Construction Plans
City of Houston permitted plans for all 3 units
9132 Pembrook — Appraisal Report
Primary residence, 1,800 sq ft
9134 Pembrook — Appraisal Report
ADU, 2,796 sq ft
9136 Pembrook — Appraisal Report
ADU, 2,796 sq ft

Additional documentation available on request: title commitment, builder’s risk insurance certificate, CenterStreet construction loan agreement, and contractor bids.

Timeline

Target: 3 months total. 45 days to complete construction · 30-60 days to sale or refinance.

Capital secured & rights transferWeek 1
Contractors mobilized, first draw submittedWeek 1-2
Interior finish, mechanical, fixturesWeek 2-5
Exterior, final inspections, Certificate of OccupancyWeek 5-6 (~45 days)
Listed for sale or refinance initiatedWeek 6-8
Sale closes or refi funds — investor payoutDay 75-90 (3-month target)

Ready to Discuss?

Text “Pembrook investment” to 512-944-0781 to learn more about the property and deal terms.

Text “Pembrook investment”Or Email