Participation Loans

Check out our available loan options and some of
our previously sold loans.

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Participation Loans

Check out our available loan options and some of
our previously sold loans.

To learn more about our participation loans, email or call Paul Toller (385) 465-3001 or Jeff Stringham (385) 465-3200.

 

Owner-Occupied Office

Centerville, Utah

Construction Loan

  • Loan Amount: $3.7 million
  • Participations Available: From $1 up to $3 million
  • Note Rate: Prime plus 1.25% with a servicing fee of 1.00% during construction, net yield to participants will be prime plus 0.25%
  • Construction Period: 24 months
  • Term Loan Rate: 2.50% over the 10-Year Treasury with a floor rate of 4.00%. Rate adjusts at year five to 2.50% over the current 10-year Treasury with a floor rate of 4.00%.
  • Closing Date: July 2022
  • Maximum LTC Ratio: 75% of total costs during construction period
  • Maximum LTV Ratio: Up to 75% of appraised value at completion and stabilization during installment repayment period
  • Guarantor Net Worth: $200 million+

Hoodoo Casitas Hotel

Moab, Utah

Construction & Term Loan

  • Loan Amount: $21.6 million
  • Participations Available: From $1 up to $10 million
  • Note Rate: Prime plus 1.25% during construction, servicing fee of 1.00% during construction with net yield to participants of prime plus 0.25%
  • Construction Period: 24 Months
  • Term Loan Note Rate: 10-year Treasury plus 2.50% with a 4.00% floor rate. Rate adjusted at year five to 2.50% over then current 10-year Treasury with a floor rate of 4.00%, servicing fee of 0.25% during term loan period.
  • Closing Date: June 2022
  • Maximum LTC Ratio: 75% of total costs during construction period
  • Maximum LTV Ratio: Up to 75% of appraised value at completion
  • Guarantor Net Worth: $480 million+

Manufacturing Facility

Provo, Utah

Term Loan

  • Loan Amount: $16.1 million
  • Participations Available: From $1 up to $14 million
  • Note Rate: 10-year Treasury plus 2.50% with a floor rate of 4.00%. Rate adjusted at year five to 2.50% over then current 10-year Treasury. Servicing fee of 0.25%.
  • Closing Date: July 2021
  • Maximum LTV Ratio: Up to 75% of appraised value
  • Guarantor Net Worth: $200 million+

Assisted Living Center

Saratoga Springs, Utah

Construction & Term Loan

  • Loan Amount: $15.7 million
  • Participations Available: From $2 up to $10 million
  • Note Rate: Prime plus 1.25% with a servicing fee of 1.00% during construction, net yield to participants will be prime plus 0.25%
  • Construction Period: 36 months
  • Term Loan Rate: 2.50% over the 10-Year Treasury with a floor rate of 4.00%. Rate adjusts at year five to 2.50% over then current 10-year Treasury with a floor rate of 4.00%. Servicing fee of 0.25% during term loan period.
  • Closing Date: Fall 2022
  • Maximum LTC Ratio: 75% of total costs during construction period
  • Maximum LTV Ratio: Up to 75% of appraised value at completion and stabilization during installment repayment period
  • Guarantor Net Worth: $250 million+
  • Note: Highly experienced builder will hold an equity position in property

Sky Ranch

Huntsville, Utah

Acquisition & Development Loan

  • Loan Amount: $1.6 million
  • Participations Available: From $1 to $1.5 million
  • Note Rate: Prime plus 2.00%, servicing fee 1.00% with a net yield to participants of prime plus 1.00%
  • Construction Period: 24 months
  • Closing Date: Summer 2021
  • Maximum LTC Ratio: 75% of land and development costs
  • Guarantor Net Worth: $50 million+

Dannon Way 2

West Jordan, Utah

Construction & Term Loan

  • Loan Amount: $12 million
  • Participations Available: From $1 up to $10 million
  • Note Rate: Prime plus 1.00% with servicing fee of 0.75% during construction
  • Construction Period: 24 months
  • Note Rate: 10-year Treasury plus 2.50% with a floor rate of 3.75%. Rate adjusted at year five to 2.50% over then current 10-year Treasury with a floor rate of 3.75%. Servicing fee of 0.25% during term loan period.
  • Closing Date: May 2021
  • Maximum LTV Ratio: Up to 75% of appraised value at completion
  • Guarantor Net Worth: $200 million+
  • Note: Property is pre-leased to two tenants, one with a national presence and one with a regional presence.