Articles / Case Studies

A Loan We Declined: Not Enough Skin in the Game

We were approached to make a loan to purchase a multi-family property spread over multiple buildings in the Millcreek area of Salt Lake County, Utah. The borrower planned to convert the property into condominiums, and it was in a desirable neighborhood with strong demographic trends. Because of the great location we decided to perform additional … click to read more

Anatomy of An Actium Loan: Helping Meet Payroll

A few weeks ago, we received a call on Friday morning from a business owner needing $200,000 to make payroll. After several large deposits did not materialize he found himself with his hands tied and short money. After he offered to pledge collateral property he purchased several months earlier in Washington County, Utah, we needed … click to read more

A Loan We Declined – Summit County, Utah

Situation This summer, we were asked to refinance an investor-owned single family home in Summit County, Utah. Property values have done well in this area recently and we were intrigued by the opportunity to make this loan as the collateral had land in excess of what was needed for the home. Due Diligence Our in-person … click to read more

Anatomy of an Actium Loan:  Sandy, Utah 8-Plex

Situation We were recently approached to make a loan on an eight-unit apartment complex in Sandy, Utah. Located just south of Salt Lake, we knew this small complex had potential as it is located close to major freeways. Due Diligence We previously had denied this loan because the borrower could not clear a title issue. … click to read more

Anatomy of an Actium Loan: Industrial Property in Salt Lake County

Situation A borrower approached us seeking financing for a loan secured by an industrial property in Salt Lake County, Utah. This property was positioned close to the interchange between I-15 and I-215 highways, making it centrally located in the Salt Lake Valley and a desirable location for distribution companies. Due Diligence Due to our familiarity … click to read more

A Loan We Declined: Potential Rezoning Project

Situation We recently received a request to provide a loan secured by a single-family residence in Salt Lake County, Utah. The collateral was located in an area where the government had discussed the possibility of rezoning. While this can lead to increases in prices, the zoning had not yet been passed. Due Diligence When we … click to read more

2017 Audited Returns: All Funds 11.8% IRR or Greater

For the year ending December 31, 2017, all Actium Funds delivered strong audited performance numbers in excess of 11% Internal Rate of Return (IRR). This continues a history of consistently strong audited performance, as at the end of 2016, the audited IRR for each of the Actium Loan Funds were in excess of 11%. In … click to read more

Anatomy of an Actium Loan: High Annualized Return in Wasatch County, Utah

Situation A borrower sought financing secured by approximately 56 acres of land near Highway 40 in Wasatch County, Utah. He sought a sum of $1,120,000 for a very short time period: six weeks. Due Diligence Appraisals valued the land at $6,282,000, giving the loan an 18% LTV. This value did not include the water rights, … click to read more

A Loan We Declined: Not Sleeping on Motel Due Diligence

Situation We were recently approached with a request for a loan sounding strikingly similar to our typical investments. A nationally branded motel in Central Utah was offered to secure the loan, piquing our curiosity, and the mortgage broker provided an appraisal showing that our characteristic loan-to-value requirements would be met. Due Diligence As part of … click to read more

Anatomy of an Actium Loan: Condominium in Maui

Situation One of our trusted referral sources reached out to us, asking whether we would be interested in making a loan secured by a first-position lien on a condominium. The condominium, located on the Island of Maui of Hawaii, carried great present day value, and, as a first-position loan, could present relative safety for our … click to read more