1847 Holdings LLC announced that it has entered into an agreement for private placement of a grid promissory note for gross proceeds of $150,000 on January 3, 2018. The transaction will include participation from 1847 Partners LLC. The note carries a fixed coupon rate of 8% per annum and would mature in 12 months. The company will issue note at par. The company expects to receive at least $500,000 in the transaction. On same date, the company has received $50,000 in its first tranche.