(801) 407-6813

Draper Mezzanine Financing

 

Location

Draper, UT

Investment Date

2013

 

Status / Results

Loan paid off with two extensions, allowing for 23%+ IRR.

 

Description

Office developer required financing on 40-acre 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 2.7X 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.