Portfolio & Investments

Summary Details

• ›5.2 acres
• ›78 townhomes
• ›Robust population growth in Weber County
• ›Located 4 miles from I-15
• ›Financed through Utah Homes Investment Program
• ›60% of units must be owner-occupied under $450K

Investment Metrics

About This Deal

Kanesville Crossing is a planned development in Ogden, UT. Financed using the Utah Homes Investment Program, which supports affordable housing development. Weber County is experiencing strong population growth with limited townhome supply.

Summary Details

• ›2.2 acres
• ›12 to 15 commercial office/retail condos
• ›Robust population growth in Weber County
• ›Located 4 miles from I-15
• ›Similar condos have sold exceptionally well in neighboring communities

Investment Metrics

About This Deal

Planned development of 12 to 15 office/retail condos in Ogden, UT. Weber County population growth and strong comparable sales in neighboring communities validate market demand.

Loan Details

• ›Loan Amount: $865,000
• ›Collateral Value: $4,400,000 (appraisal)
• ›LTV: 20%
• ›Interest Rate: 12%
• ›Fees: 4%
• ›Term: 90 days

Investment Metrics

About This Deal

Construction was near completion; funds were needed to finish and refinance. Refinancing took longer than expected — multiple extensions were needed, each carrying additional fees that increased total return.

Summary Details

• ›7.4 acres
• ›78 townhomes planned
• ›~30,000 sq ft retail/office space
• ›Loan to Value: 60%
• ›Initial Loan Amount: $2.5M
• ›Extensions: 2

Investment Metrics

About This Deal

Bridge loan issued while sewer infrastructure issues were resolved. Two extensions were required, each with additional fees that contributed to an above-average realized return.

Loan Details

• ›Loan Amount: $1,020,000
• ›Collateral Value: $2,235,000 (appraisal)
• ›LTV: 46%
• ›Interest Rate: 14%
• ›Fees: 2%
• ›Term: 30 days

Investment Metrics

About This Deal

Owner needed a bridge loan to complete refinancing while the new lender finalized their loan. A 30-day bridge was issued with guaranteed interest and fees — paid off after only 11 days, resulting in a very high annualized return.