Message from Jonathan Kieswetter
President, Grace Capital Group
trust you are enjoying the fruits of your labor and the blessings
bestowed upon you this past year; lest we not forget that it was
a difficult year for our soldiers and our fellow Americans along
was a record year for Grace Capital during which we closed over
$210 Million in debt, mezzanine financings, equity and investment
structures comprised of land, income properties and residential
developments. We expect 2011 to be an even stronger year with a
projected $70 Million in closings for the 1st Quarter.
we use our successes to calibrate our abilities, it is our trials
in life that truly mold and shape us as individuals; "Consider
it pure joy my brothers, whenever you face trials of many kinds,
because you know that the testing of your faith develops perseverance.
Perseverance must finish its work so that you may be mature and
complete, not lacking anything."
as we go forward into the New Year with our business plans in hand,
may we reflect on the past year's successes and difficulties, to
encourage one another and grow from our experiences; "As iron
sharpens iron, So one man sharpens another" Proverbs 27:17.
would like to personally thank our clients, lenders, and investors
for a successful 2005 and look forward to working with you in 2011
as we grow and encourage one another together. May you be richly
blessed in family, friends, and business in this New Year.
hearts and prayers go out to the suffering families who have lost
loved ones in Iraq and those affected by Hurricanes Katrina, Rita,
and Wilma along the Gulf Coast.
for a prosperous New Year!
No country has been so much favored, or should acknowledge
with deeper reverence the manifestations of the divine protection.
An all wise Creator directed and guarded us in our infant struggle
for freedom and has constantly watched over our surprising progress
until we have become one of the great nations of the earth.
James K. Polk
Worthy Closings of
Condo Site Acquisition Financing
Bridge financing to accommodate a quick $21,000,000 purchase
of a vacant hospital with excess land; Funded within 3 weeks
of application! Land not entitled for the business projection
of a new 135 unit condominium development. Loan was 75% of
Huntington Beach, California
Construction Loan provided for seven residential lots on 5.5
acres. The in-fill lots are beachfront properties. Homes are
expected to sell in the $12M-18M range. The financing allowed
the LLC to clean up multiple notes on the property, clear
title and financing for completion of homes. Financing closed
within 30 days of application!
Island of Oahu, Hawaii
Exchange Purchase Financing
Acquisition Loan provided for the $2,550,000 purchase of a
6,000 square foot
Loan was ARM Product with
a ceiling rate of 7.50%
Tenant Investment Sale
Lowe's, Michael's and
239,000 s.f. retail center
to National REIT
Aliso Viejo, California
Less than 30 days to fund
farms to be subdivided into residential communities
Demolition of a 22 unit apartment
building and construction
of 12 "for sale" condos
which will sell for
Mission Beach, California