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The Future

The Future of Real Estate Investment

of Real Estate

The Future of Real Estate Investment

Investment

The Future of Real Estate Investment

About

Deal Types

iCap invests in four primary deal types. This variety of deal types allows our clients to take full advantage of excellent market opportunities very quickly. It also allows us to structure any combination of financing programs to meet the strengths and needs of a project.

Joint Ventures

Many owners and developers struggle to raise the cash needed to obtain a construction loan or other loan from a lender. iCap is able to provide the necessary capital to secure the debt financing.

Typically, iCap will provide the cash for a project in exchange for (a) preferred return and repayment of the money invested and (b) a percentage of the profits. Additionally, iCap's team meets regularly with its borrowers to review project timelines, update project documents, and offer help along the way.

Note Purchase

Many banks are required to divest portions of their portfolios in order to achieve desired ratios and meet FDIC regulations. iCap has taken advantage of this opportunity purchasing discounted notes from lending institutions secured by income producing properties.

Purchasing discounted notes provides short term cash flows in addition to profits at the time of exit.

Acquisitions

iCap also purchases properties from owners who are interested in selling. Such owners may be banks or private property owners. In these instances, iCap acquires the property and then works to achieve the most profitable exit strategy available.

Property Types

  • Residential
  • Multifamily
  • Commercial

Project Types

  • Acquisition, Development, and Entitlement
  • New Construction
  • Re-Model and Rehab Projects

Louis Glickman

The best investment on earth is EARTH

Process

How it works...

iCap Equity provides cash for builders, developers, and property owners to help them secure the loans they need to begin new projects or obtain a cash infusion for existing projects.

Terms

Interest Rate:
12%
Points:
3%
Exit Fee:
A percentage of the final exit price/value (usually between 1-5% of the exit price/value).
Collateral:
2nd position deed of trust and/or pledge of the LLC shares.
Project entity:
A newly formed Washington limited liability company will be created to execute each project and the sponsor or property owner will be the initial managing member.
Other:
Interest accrues, but is not paid until project completion.

Investment Criteria

Investment Size:
$250,000 - $3,000,000
Investment Period:
1-18 months; 12 months or less is preferred
CLTV (Combined Loan-to-value):
80% Max. iCap's cash, together with the bank/private lender loan, cannot be greater than 80% of the total value of the finished project.
Project Loan:
Project owner is responsible for securing any loan or other financing needed from a bank or private lender. We can provide referrals upon request.
Locations:
Currently investing in western Washington and Portland.

Note: This is not a commitment to lend or invest, and actual terms may vary depending on specific project characteristics. iCap's investments are typically in a junior position to a lender, but neither iCap nor its principals will guaranty or sign on any loan obligations.

Mark Twain

Buy land, they’re not making it anymore.

Team

The Future is Now

iCap Equity is an investment capital fund located in the Pacific Northwest with a focus on equity investment and lending for real estate deals. Our unique approach to real estate finance creates many new possibilities for project funding in the current market. Whether you need a cash investment to complete a project or are simply looking for a real estate loan, we have the ability to make it happen.

President

Chris Christensen, JD, MIB

Chris Christensen

COO

Jim Christensen

Jim Christensen

Senior Project Manager

John Carlson

John Carlson

Transaction Coordinator

Connie Crothers

Connie Crothers

Portfolio Manager

Tom Graham

Tom Graham

Construction Manager

Bryan Brown

Bryan Brown

Contact Us

Let's talk

10900 NE 8th Street, Suite 1000
Bellevue, Washington 98004
Phone: 425.372.7114
Fax: 425.214.4776