Asset:

Three Retail Plazas

Project Size:

$30.0 million

Background:

Provided second mortgage financing to development group, allowing them to secure bank financing to complete the projects.

Holding Period:

2 to 3 years

Annualized return on Investment:

In excess of 20%

Asset:

Student Residence

Project Size:

$5.5 million

Background:

Assisted the borrower in the acquisition of the above project, until revenues increased or more conventional financing could be arranged.

Holding Period:

One year

Annualized return on Investment:

12%

Asset:

Residential Land Development (first phase)

Project Size:

$4.5 million

Background:

Provide financing to developer for marketing, planning and engineering for 56 lots.

Holding Period:

3 years

Annualized return on Investment:

15%

Asset:

Industrial building

Project Size:

 $3.2 million

Background:

Opportunistic purchase from troubled developer in depressed market.

Holding Period:

4 years

Annualized return on Investment:

32.7 %

Asset:

residential land

Project Size:

$11.0 million

Background:

Funded participating mortgage for acquisition, engineering & marketing of residential lots and golf course development.

Holding Period:

19 months

Annualized return on Investment:

 
23.3 %

Asset:

residential land

Project Size:

$ 11.0 million

Background:

funded participating mortgage for acquisition, engineering & marketing of residential lots and golf course development.

Holding Period:

19 months

Annualized return on Investment:

23.3 %

Asset:

350,000 square foot Office Building

Project Size:

$71 million

Background:

Property was re-developed and continues to be asset managed, on behalf of two pension funds.

Holding Period:

8 years

Annualized return on Investment:

23.2%