(801) 407-6813

Salt Lake City Mezzanine Financing

 

Location

Salt Lake City, UT

Investment Date

2011

 

Status / Results

Loan paid off with one extension, allowing for 22%+ IRR.

 

Description

Office developer required financing on 100,000 sq. ft. project to continue with development schedule.

 

Oppurtunity

Ability to support developer’s growth strategy by providing bridge financing, until permanent project financing could be obtained.

 

Investment Thesis

Obtain first deed position on property worth over 2X loan amount, with loan terms offering superior returns on invested capital.

Contacts

PUBLIC MARKET & REAL ESTATE INVESTMENTS AND OPPORTUNITIES

David Broadbent


Bio

Email

801-407-6866

ICO Companies Office:

3401 N. Center St. Suite 300 Lehi, UT 84043

801-407-6813

The ICO Companies, a sister company to Ivory Homes, Utah’s Largest Homebuilder for 29 years.