Longview Real Estate, Inc. announced a private placement of 5% promissory note for gross proceeds of $4,000,000 on December 10, 2013. The transaction involved participation form accredited investors. The note bears an interest at the rate of 5% per annum and becomes payable 24 months from the date of issuance.

On the same date, the company received the funding.


On February 19, 2014, Longview Real Estate, Inc. closed the transaction. The company issued additional 5% promissory note for gross proceeds of $4,000,000. The transaction involved participation from an accredited investor. The maturity of the note is subject to acceleration in the event of default and may be prepaid in whole or in part without penalty or premium. The company has agreed to pay or reimburse all reasonable costs and expenses, including, without limitation, reasonable attorneys' fees and costs, incurred by the lender in connection with the transaction. The company has received $8 million in the transaction.