Fund still going strong.New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based W Financial Mortgage Fund I, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has now completed 11 quarters of successful operation. The fund delivered net returns for the first quarter of 2006 of 3.94% or 15.76% on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. W Financial originates and services a portfolio of bridge and mezzanine loans A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). in the $1-$25 million range. W Financial focuses on commercial real estate assets in transition with some combination of strong sponsorship, low cost of acquisition, unique demand drivers, strong location or other compelling elements making an investment attractive. Examples of recent transactions may be seen at. From its launch in June 2003 the Fund has delivered results within its target range of 10%-12% per annum Per annum Yearly. net of all expenses. W Financial Mortgage Fund I, LLC has an open structure that allows new investors to join as the Fund adds new investments to its portfolio. The five-year time commitment matches the maximum term of the loans originated by the Fund. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion