MLP is offering the opportunity to invest in MLP / MCV 2023 through a debenture requiring a minimum investment of Fifty Thousand Dollars ($50,000) per interest ($50,000) (the “Investment”). The Investment will be evidenced by a Promissory Note made by the LLC to the investor. The Note will yield interest in the amount of Eight and One-Half percent (8.5%) per annum, paid quarterly, in arrears, and for a term of three (3) years.
Returns on MLP / MCV 2023 arise from MLP’s interest in the retail shopping center located at 9115 Samlen Lane, Charlotte, North Carolina (“MCV”), our top performing commercial asset.
Security.
The Investment Notes will be secured by a security interest in MLP’s membership interest in the LLC and the personal guarantee of the Peter A. Morgan Revocable Trust.