Everest's Financial Services platform is focused on originating first positions loans, mezzanine debt and preferred equity investments with experienced real estate investors and developers throughout Southwestern United States. Everest obtained its Mortgage Banker’s License in January 2019. The sponsors of Everest Financial Services bring a combined 70+ years of real estate investment and lending experience. The focus of the Financial Services platform will be building strong relationships with our clients to grow the portfolio over time, with the intent to become one the premier private lenders in our target markets. Prior debt/pref equity investments include:
Subdivision Development Loan – Phoenix, AZ
Everest funded a $2 million first position loan for the acquisition, development and vertical construction of a 7 home subdivision in North Phoenix.
Finished Lot Acquisition Loan - Suprise, Arizona
Everest originated a $2.6 million mezzanine loan to help fund the acquisition of a 299 lot subdivision in Surprise, Arizona.
Multifamily Portfolio - Tucson, AZ
Everest made a $3.0 million preferred equity investment to help fund the acquisition of a 400+ unit apartment portfolio in Tucson, Arizona.
Finished Lot Acquisition Loan – Litchfield Park, Arizona
Everest funded a $2.8 million first position deed of trust to acquire 29 lots in Litchfield Park, Arizona.
Construction Loan – Litchfield Park, Arizona
Everest provide a $3.0 million revolving line of credit to build homes in Litchfield Park, Arizona.
Refinance Existing Land Loan – Buckeye, Arizona
Everest provided a $5.35 million first position deed of trust to refinance and existing loan on a 2,000+ acre property in Buckeye, Arizona.
License # BK-0950951