© Waldorf Astoria Park CityPark City, UT
Waldorf Astoria
A 160-room ski-in, ski-out condominium hotel anchored this $30 million loan, together with its common areas and five adjacent acres entitled for a further 110 branded units.
03 — Investments
Portfolio highlights
© Waldorf Astoria Park City
© WohaliCoalville, UT
Wohali
In the Wasatch Back, a golf and residential community needed its first phase bonded and built. OKOA's $14 million development loan covered the Phase 1 developments and the site improvements that followed.
© Hawaii LifeMulti-state
Lux II
Eleven luxury residences and land parcels across Hawaii, Puerto Rico, Utah and Florida backed this $57 million bridge loan. A single facility took first position on every property.
© The ENGLiSH HotelLas Vegas, NV
The English Hotel
A new Marriott Tribute Portfolio boutique hotel needed its build carried to the finish. OKOA's $14 million in construction financing took the project the whole way through to opening.
Park City, UT
The Ascent Hotel
OKOA put $45 million into this Canyons Village condominium hotel — a $30 million senior loan and $15 million of preferred equity. That carried the build from early construction through to its final phases.
Midway, UT
Zermatt Resort
OKOA funded a $7.5 million acquisition bridge in first position on a 226-unit resort and spa with geothermal springs on site. Underwritten and closed in two weeks.
© The MonsarazSan Diego, CA
The Monsaraz
A 92-room Tapestry Collection by Hilton hotel stands a block from San Diego Bay. OKOA's $14.2 million bridge loan took first position and refinanced the hotel's original developer.
© Image Building Systems, LLCPhoenix, AZ
Legacy Arena
Note purchase on a 170k+ sf amateur sports facility with adjoining hotel under development. OKOA stepped in as lender by buying the existing note, and kept the project financed.
© NewmarkRocky Mount, NC
Golden East Crossing
An enclosed regional mall carried this $4.5 million first-mortgage loan from OKOA. OKOA has since helped manage the center to streamline its cash flow, re-signing tenants and steadying occupancy.
New York, NY
200 Central Park South
OKOA's fix-and-flip loan funded the purchase and renovation of a residence on the 11th floor of a 35-story co-op. Most condo lenders stop at the fifth floor.
© Oxford Design HausHeber City, UT
Red Ledges
OKOA structured a $2.27 million construction loan for a custom home inside a private golf community. The build was funded by draws through construction completion, and the loan paid off in full.
© Mohan NannapaneniOakley, UT
River Haven
Raw river frontage becomes sellable only once the infrastructure goes in. OKOA's first-position loan funded the roads, power, gas and sewer across sixteen home sites on the Weber River.
© Salisbury HomesMapleton, UT
Homebuilder Bridge
OKOA's $3 million bridge sat behind a single-family community and a wider pool of residential property. Cross-collateralisation gave the developer fast liquidity without selling a single asset to raise it.
© Castorly StockSpringville, UT
Lakeside Landing
OKOA wrote a $13.5 million land loan against roughly 120 acres inside an approved master plan. The borrower used the facility to hold the land while the master plan worked through its approvals.
Hurricane, UT
Silver Flats
About 133 acres changed hands on a deadline that no conventional land lender could meet. OKOA's bridge loan funded the acquisition and was repaid in full within months of closing.
Grantsville, UT
Mixed-Use Land Loan
A mixed-use and industrial plan covering about 246 acres of raw ground needed its purchase funded. OKOA's $11 million first-position facility did it and held through the approvals that followed.
Casa Grande, AZ
Entitled Land Loan
An entitled residential parcel inside a 367-acre master plan carried OKOA's $5.5 million first-position loan. The ground was approved for roughly 170 single-family homes when the facility went in.
Provo, UT
Provo Airpark
A borrower needed to acquire two adjoining parcels on the edge of the municipal airport. OKOA funded both with first-position land loans, bringing roughly 32.8 acres under a single ownership.
Corpus Christi, TX
Value-Add Apartments
OKOA's $5.5 million first-position bridge funded a full structural renovation across an apartment community. The borrower refinanced out roughly seven months after closing, with the work complete.
Houston, TX
Northside Village
OKOA funded the purchase and renovation of an 11-unit multifamily property. The borrower held it after the rehab and refinanced into a DSCR loan, cash-flowing on the finished building.
Phoenix, AZ
Office Value-Add
OKOA's $6.79 million first-position loan funded the acquisition of an office property in one of the city's key transportation hubs. The property was later converted to flex warehousing.
Los Altos, CA
Silicon Valley Home
High-value residences need a lender who can move at their price point. OKOA's first-position bridge covered a newly built 9,677-square-foot house on 2.71 acres, plus the adjacent lot.
© Sego HomesSalt Lake and Davis Counties, UT
Builder Financing
OKOA funded multiple builder loans for one of northern Utah's prominent home builders. Separate facilities covered 122 townhomes at one project and eleven completed homes at another.
Kamas, UT
Tuhaye Cottages
Four new homes across four lots stood in a golf community above Jordanelle Reservoir. OKOA's completion loan funded the last stage of the build, closing on all four in a single transaction.
Holladay, UT
Property-Secured Loan
A borrower needed business capital and had equity in real property to support it. OKOA lent against that equity, in a position behind the existing first mortgage.
© BeedieLas Vegas, NV
Beedie Industrial Space
Three Class A warehouse units in a business park in the city's southwest submarket, fully leased. OKOA took an equity position in them, alongside the developer that built them.
Kaysville, UT
E-Commerce Company
OKOA provided purchase order financing to a footwear brand. The facility paid suppliers up front, so the company could accept orders larger than its own cash would cover.
Global
Government Supplier
A logistics, supply and procurement firm needed working capital to service government contracts abroad. OKOA extended it as a corporate facility, secured on the business rather than on real property.
© SenaWaveSalt Lake City, UT
SenaWave Network
Along the Wasatch Front, a fiber-to-the-premises builder and internet provider was extending service into new communities. OKOA's private equity funded that build and accelerated the business's growth.
Film Production
A production spends everything it needs before it earns anything at all. OKOA funded three loans across that gap, all secured by a high-value private art collection.
Lender Finance
A specialty finance company needed capital to buy participations in small-business financings as they became available. OKOA committed a $10 million revolving line of credit to fund those purchases.
Los Angeles, CA
Pro Sports Loan
OKOA funded a former professional athlete's bid for a major league franchise. Two rental properties stood as security, with OKOA taking second position behind the existing debt.
Aircraft Loans
OKOA financed the purchase of personal aircraft, secured by the aircraft themselves. Planes and helicopters sit alongside the other equipment and personal property OKOA will lend against directly.
© HawxOgden, UT
Corporate Pref. Equity
Growth capital usually arrives as debt, with the repayment schedule that comes attached. OKOA funded this pest control company with preferred equity instead, so it could expand without adding leverage.