Loan paid off with one extension, allowing for 22%+ IRR.
Office developer required financing on 100,000 sq. ft. project to continue with development schedule.
Ability to support developer’s growth strategy by providing bridge financing, until permanent project financing could be obtained.
Obtain first deed position on property worth over 2X loan amount, with loan terms offering superior returns on invested capital.
ICO Companies Office:
3401 N. Center St. Suite 300 Lehi, UT 84043
The ICO Companies, a sister company to Ivory Homes, Utah’s Largest Homebuilder for 29 years.