This document summarizes an investment opportunity for mobile home asset-backed loans offered by Affordable Housing Acquisitions (AHA). AHA offers loans between $12,000-$228,000 for 30 months at interest rates between 12-18%, with the loans secured by mobile homes valued at 20-25% above the loan amount. The document includes sample loan documents, frequently asked questions about the investment, and information about AHA.
1. A ffordable
H ousing
A cquisitions,LLC
S p e c i a l i z i n g i ninAsset Backed Investments
Specializing Asset Backed Investments
2. AFFORDABLE
Housing Acquisitions
A ffordable
H ousing
A cquisitions,LLC
Specializing in Asset Backed Investments
AHA Mobile Home Asset Backed Loan
30 month principal and interest loan payment options:
12K-48K loan for 30 months payable at 12% APR
• Monthly payments (principal and interest) ranging from $465-$1,860 per month for 30 months
• The loan will be secured by a NADA Value of the mobile home(s) that are 20%-25% above the principal
amount invested.
• A Title or Bill of Sale of the mobile home(s) will be assigned to the investor as collateral.
60K-108K loan for 30 months payable at 14% APR
• Monthly payments (principal and interest) ranging from $2,382-$4,287 per month for 30 months
• The loan will be secured by a NADA Value of the mobile home(s) that are 20%-25% above the principal
amount invested.
• A Title or Bill of Sale of the mobile home(s) will be assigned to the investor as collateral.
120K-228K loan for 30 months payable at 16% APR
• Monthly payments (principal and interest) ranging from $4,879-9,271 per month for 30 months
• The loan will be secured by a NADA Value of the mobile home(s) that are 20%-25% above the principal
amount invested.
• A Title or Bill of Sale of the mobile home(s) will be assigned to the investor as collateral.
>240k loan for 30 months payable at 18% APR
• Monthly payments (principal and interest) ranging from $9,993 and up per month for 30 months
• The loan will be secured by a NADA Value of the mobile home(s) that are 20%-25% above the principal
amount invested.
• A Title or Bill of Sale of the mobile home(s) will be assigned to the investor as collateral.
*Sample Promissory Note, Title, NADA Value, and Pictures are attached.
3. FAQ
What will I recieve in my loan packet?
A fully executed promissory note, bill of sale, copy of the title and pictures of the property pledged as collateral.
A sample of each of the documents is included in this loan packet.
What if the mobile home renter stops paying rent will AHA default on my loan payment, how will AHA be
able to pay my loan?
AHA owns many mobile homes in the southeast United States and subsidizes vacancies with other revenues
collected. Furthermore, AHA has not had a mobile home remain vacant for more than 13 days.
What happens if AHA does default on my loan?
Unlikely, but there is risk in any investment, and that is why AHA has secured each loan with a 20%-25%
cushion above the principal loan amount to insure that in the event of default the mobile home can be easily sold
for the principal amount of the loan. Furthermore, NADA values are attached to each loan document showing
the value as estimated by NADA.
Do I own the mobile home?
Effectively, yes for the life of the loan agreement. A Bill of Sale form AHA will be attached to the loan docu-
ment naming the investor as the owner. However, the mobile home is pledged as collateral to protect you in the
event of a default. Ownerships will be signed back over to AHA after the terms of the loan have been fulfilled.
Who am I lending my money too, and for what?
AHA Affordable Housing Acquisitions. Although your loan is secured by a tangible asset the loan is to AHA.
The money will be used for expansion and purchases of existing and other mobile home parks.
How do I recieve my payments?
US mail, in the form of a company check.
How can AHA afford to pay this much interest?
AHA owns many mobile homes and in order to facilitate the growth of the company, AHA needs capital. Be-
cause of the high return on investment of already owned mobile homes AHA is able to pass a majority of the
return on to investors in order to fill the immediate cash needs of expansion. Simply put, AHA is able to cover
the loan payments with the rental income of the mobile homes.
Where can I learn more about AHA?
Every investor is given a 77 page company and industry profile outlining the company’s investment
strategies, affiliates and plans for growth.
4. PROMISORY NOTE
$12,000.00 March 1, 2012
FOR VALUE RECEIVED the undersigned, Affordable Housing Acquisitions, LLC, promises to pay to the
order of John Doe, the principal sum of TWELVE THOUSAND AND NO/100 DOLLARS ($12,000.00), with
interest from the date of execution of this Note, at the rate of Twelve per cent ( 12 %) per annum amortized over
30 months until paid or until default, both principal and interest payable in lawful money of the United States
of America, at such place as the legal holder hereof may designate in writing. It is understood and agreed that
additional amounts may be advanced by the holder hereof as provided in the instruments, if any, securing this
Note and such advances will be added to the principal of this Note and will accrue interest at the above specified
rate from date of advance until paid.
Payments of interest and principal shall be due and payable monthly on the 1st day of each month. The monthly
payment shall be $500.00.
Unless otherwise provided, this Note may be prepaid in full or in part at any time without penalty or premium.
In the event of (a) default in payment of any installment of principal or interest hereof as the same becomes
due and such default is not cured within 10(ten) days from the date of notice of such default, or (b) default
under the terms of any instrument securing this Note, and such default is not cured within fifteen (15) days after
written notice to maker, then in either such event the holder may without further notice, declare the remainder
of the principal sum, together with all interest accrued thereon and, the prepayment premium, if any, at once
due and payable. Failure to exercise this option shall not constitute a waiver of the right to exercise the same at
any other time.
Upon default the holder of this Note may employ an attorney to enforce the holder’s rights and remedies and
the maker, principal, surety, guarantor and endorsers of this Note hereby agree to pay to the holder reasonable
attorney’s fees not exceeding a sum to fifteen percent (15) of the outstanding balance owing on said Note, plus
all other reasonable expenses incurred by the holder in exercising any of the holder’s rights and remedies upon
default. The rights and remedies of the holder as provided in this Note and any instrument securing this Note
shall be cumulative and may be pursued singly, successively, or together against the property described in the
Deed of Trust or any other funds, property or security held by the holder for payment or security, in the sole
discretion of the holder. The failure to exercise any such right or remedy shall not be a waiver or release of such
rights or remedies or the right to exercise any of them at another time.
This note shall be collateralized by assignment of the Title or Bill of sale on a 1993 Fleetwood mobile home, serial
number 00014 00066, located in Hickory, NC.
This Note is to be governed and construed in accordance with the laws of the State of Florida.
IN WITNESS WHEREOF, the Makers have duly executed the foregoing as of the day and year first above
written.
Affordable housing Acquisitions LLC
By: ____________________________
Jason May, President
5. Bill of Sale
The undersigned, in consideration of Ten Dollars ($10) and other valuable consideration the receipt and
sufficiency of which is hereby acknowledged, do hereby grant, sell, transfer and deliver unto XXXXX XXXX the
ownership and control of the mobile home as more completely described on the title attached hereto, to have
and to hold as collateral for the loan made of even date herewith, a copy of which is attached hereto.
The undersigned hereby covenants with the grantee that it is the lawful owner of said mobile home, that it is
free from all encumbrances, that it has good right to sell the same, and that it will warrant and defend the same
against the lawful claims and demands of all persons.
The Glen at Grover LLC
By: ____________________________________
XXXX XXXX, Managing Member
Dated this 20th day of March, 2012.