Taylor Capital Group Reports 4.57 Percent Mountain West Debt Fund Returns
Private Capital Supports New Home Starts in Utah and Nevada
(firmenpresse) - SALT LAKE CITY, UT -- (Marketwire) -- 10/23/12 -- , LLC reports a 4.57 percent third quarter return for the LP. The fund's present returns, which represent an 18.28 percent annualized return, reflect increased demand for new construction in the Western United States.
The Mountain West Debt Fund™ consists of pooled, private capital invested in real estate-secured loans to developers. The fund's clientele consists of proven developers seeking to acquire, build or maintain projects in the West. While U.S. Census Bureau data released last week places year-over-year housing start growth in the West at 56.8 percent, many of the developers supported by the fund are building two times the volume they did in 2011.
"As the available inventory of foreclosures shrinks, homebuilders in the mountain west are seeing increasing demand for new construction, particularly in Utah and Nevada," notes , principal and managing director of Taylor Capital Group. "Our local real estate acumen and ability to move beyond cookie-cutter approaches to underwriting provides developers with a decisive advantage in meeting this uptick in demand."
Mountain West Debt Fund,™ LP 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, a third party audit, and monthly distributions of income to investors. Since its inception, 100 percent of the fund's net profits have been distributed to investors.
, 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.
Note: This release is not a solicitation or offer of securities. Past results are not indicative of future performance and all statements made herein should be considered in light of overall market conditions and found on the Taylor Capital Group website located at .
Danielle Killian
Killian Communications
310.427.7889
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Datum: 23.10.2012 - 11:27 Uhr
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