SOURCE: Mountain West Debt Fund
SALT LAKE CITY, UT--(Marketwire - Jul 16, 2012) - Today, Taylor Capital Group, LLC reported quarterly returns of 4.42 percent for the Mountain West Debt Fund, LP, as well as the fund's expansion into California, Colorado and Nevada.
July marks the anniversary of the Mountain West Debt Fund™, which invests private capital in short-term, real estate secured debt. During its first year, the fund has attracted established real estate developers with proven track records of performance, a set of real estate professionals once courted by traditional funding sources.
"We have been able to build a diversified set of assets and an exceptional clientele in a relatively short period of time," acknowledged Mark Taylor, principal and managing director, Taylor Capital Group. "Today's market favors organizations like ours with rigorous underwriting processes, and smart, flexible terms."
While much has been written about the difficulty of obtaining home mortgages, similar disruptions have hit the construction industry during the downturn. As traditional sources of funding now rely on restrictive formulas, they have left a void in real estate financing. Private capital that can operate on local knowledge and real estate specific acumen is stepping in to aid with the acquisition, completion and maintenance of projects.
"Our distinctive expertise becomes a clear advantage for developers," explained Taylor. "We believe in the long-term strength of the west as a region, and we see profound opportunities in California, Colorado and Nevada."
About the Mountain West Debt Fund, LP
Mountain West Debt Fund consists of pooled capital from private investors. The fund prioritizes capital preservation and carefully selects its clientele. Its structure provides much of the transparency required of public real estate funds, including quarterly reports, third party audits, and monthly distributions of income to investors. In Q2 2012, 100 percent of the fund's profits were distributed to investors.
About Taylor Capital Group, LLC
Taylor Capital Group, LLC, with offices in Salt Lake City, Utah and Henderson, Nevada, is the general partner and investment manager of the Mountain West Debt Fund, LP. This release is not a solicitation or offer of securities. Statements made about past and current performance should be considered in light of additional information posted to our website.