Featured Loan Transactions

Stetson Heights, Port Orchard, Washington
Loan Amount: US $5.5 Million
Funded acquisition and initial development of 103-acre mixed-use project, located 21 miles southwest of Seattle, consisting of 299 single family residential lots and a 300-unit multi-family complex. The borrower is an experienced developer from Bellevue, Washington, having built over 3 million square feet of commercial space for clients including Microsoft and SpaceLabs as well as a 43-acre planned community in Ocean Shores, Washington.

Wade Park, Frisco, Texas
Loan Amount: US $27 Million
Funded acquisition and infrastructure development of a 175-acre mixed-use project located 20 minutes north of Dallas, Texas, consisting of specialty retail, hotel, condos, apartments, and single family residences. (www.wadeparkfrisco.com)

Big Beats Dallas, Irving, Texas
Loan Amount: US $10 Million
Funded tenant improvements and final build-out of an 80,000-square foot restaurant, retail, and live entertainment venue adjacent to and part of the Toyota Music Factory, a project funded by the City of Irving with over $600M invested in the entertainment district. (www.bigbeatdallas.com)

49 Degrees North, Chewelah, Washington
Loan Amount: US $3 Million
Funded infrastructure improvements and initial construction of 40-acre master-planned ski-in/ski-out residential community. (www.ski49n.com)

W Flamingo, Las Vegas Nevada
Loan Amount: US $13.5 Million
Funded acquisition cost and title upgrade for Pilai Beach, Thailand property

Pago Bay Resort, Guam
Loan Amount: US $20 Million
Funded acquisition and initial phase development

Courtyard By Marriot, Kauai, Hawaii
Loan Amount: US $25 Million
Funded acquisition and renovation

Ladera Tower, Guam
Loan Amount: US $25 Million
Funded acquisition of 218 luxury residences

Phruet Para Co. Ltd., Thailand
Loan Amount: US $10 Million
Funded acquisition cost and title upgrade for Pilai Beach, Thailand property

 

Loan Criteria

TERM
Typically one year, with an option to renew one additional year
 
PREPAYMENT
Loans may be repaid at any time without penalty
 
PROPERTY TYPES
All property types considered
 
MARKETS
All geographic locations will be considered
 
LOAN TO VALUE
Loan amounts can be up to 50-70% of the disposition value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages
 
RATES AND POINTS
Rates vary from 10-18% per annum, interest only, depending upon collateral and loan structure. Points vary and start at 3
 
COSTS
A deposit will be required to cover out-of-pocket expenses; the amount will vary depending on type of loan, location, and time constraints
 
LOAN SIZE
From $1 Million to $50 Million
 
COLLATERAL
Real estate and other fixed or liquid assets
 
OTHER OPTIONS
Interest Reserves, Interest Only Payments, Multiple Disbursements, Partial Releases, and Exit Fees are some of the other options that we will consider