High Meadows
Vernal Utah |
 A group of developers came to BLoC seeking financing for a project that consisted of 20 residential lots in fast-growing Vernal, Utah.
The borrowers had a buyer for the property (under contract) who had made a $100,000 down payment. The property was attached to 135 acres of borrower-owned, un-improved land.
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 The Nampa Idaho loan was a residential project on 11 acres. The Borrower owned the property free and clear, but needed a loan to finance the purchase of a separate property.The borrower had acquired the 11 acres for $300,000 over a year before the loan request. The borrower had a contract to turn around and sell the 11 acres, which contract was set to close in 3 months for $800,000.
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Warm Springs
Washington County, Utah
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 The project was phase 5 of a 6-phase housing development in Washington, Utah. The land owner had already developed and sold out phases 1 through 4, but —due to health reasons— sold the last two phases to a Real Estate Agent and an Appraiser. However, the owner maintained an option to take over the project if it wasn’t paid for completely in six months.
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Green Mountain
Wasatch County, Utah
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 The Green Mountain project was brought to BLoC by a trusted syndicate partner. The Loan request was for $2.9 mil. The property securing the loan had recently been put under contract for $8 mil. It had an appraised value of $10 mil.
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