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| Product Types |
- Single-Family Residential
- Condominiums and Townhomes
- Condominium Conversions
- Industrial Development
- Office Development
- Hotel Development
- Mixed-Use Developments
- Second Home Resort Communities
- Land Development
- Land Entitlement
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| Project Size |
- Single-Family: Typically 20 to 300 Units
- Condominiums: Typically 20 to 300 Units
- Land Development: Typically 50 to 500 Acres
- Land Entitlement: Typically 100 to 500 Units
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| Investment Structure |
- Instrument: Mezzanine Note
- Security: First or second deed of trust and pledge of the membership interests in the borrowing entity
- Guarantees: Full recourse guarantees provided by the borrower
- Term: Typically 24 months or less
- Interest and Loan Fees: Typically 22% to 25% per annum
- Profit Participation: Generally 2% to 3% of gross sales
- Co-Investment Target: Generally between 15% to 20% of total required equity
- Internal Rate of Return: Generally 25% to 40% per annum
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Recent
Projects:
MKA provides financing to builders throughout the southwestern region of the United States and Baja California, Mexico.
Project locations include:
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California |
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Arizona |
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Hawaii |
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Baja California (Mexico) |
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Texas |
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Colorado |
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Washington |
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Florida |
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Nevada |
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