Loan paid off with two extensions, allowing for 23%+ IRR.
Office developer required financing on 40-acre 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 2.7X 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 31 years.