iMine subsidiary lends $672,960 at 12% secured by real estate, assigns half to third party

My City Builders, Inc.

RAC Real Estate Acquisition Corp. issued $672,960 promissory note to Fix Pads Holdings, 12% interest, due July 1, 2023.
Note secured by 7 properties valued at $1,121,600 (60% LTV) in VA, MS, FL, and AR.
iMine funded $328,625.72; assigned 50% principal ($336,480) and half interest to investor Frank Campanaro.
Net result: iMine acquired $336,480 secured note asset for $328,625.72 cash outflow.
Partial assignment effective July 26, 2022; Maker acknowledged direct payment to assignee.

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