News

Bonneville Debuts Spectacular New Office Space

Bonneville Real Estate Capital is holding an open house on October 12th, 2017 to celebrate the completion of its new office space, located in the 111 Main Building in downtown Salt Lake City.  Bonneville Real Estate Capital consists of sister companies Q10 | Bonneville Real Estate Capital and Bonneville Multifamily Capital.  After maintaining separate office spaces for 12 years, both companies now share a single floor of office space, encouraging cooperation and merging interests between the two companies.

City scape of downtown Salt Lake City at dusk with the City Creek Center in the foreground and 111 Main at the center of the photo
111 Main at Dusk, Center

To promote the theme of cooperation, architecture and design firm FFKR along with Zwick Construction created an open suite, without cubicles or closed offices.  This kind of space promotes easy communication between all members of the company, regardless of position or tenure.  CEO Henry Schwendiman noted that “Bonneville has grown over 10% per year for the past 20 years.  This new, state of the art floor plan enables Bonneville to continue to grow by attracting the best employees and providing a workspace that encourages collaboration.”

 

Employee desk with low cubicle walls and floor to ceiling windows looks out over local buildings at sunrise
Open Office Plan Encourages Communication and Collaboration

 

The open house on October 12th provides a networking opportunity for Bonneville Real Estate Capital clients to meet and discuss new business opportunities with both companies.

 

Q10 | Bonneville Real Estate Capital is a leader in commercial real estate capital and a founding member of Q10 Capital, LLC.  It specializes in providing capital on income producing property from $500,000 to $250,000,000 through exclusive correspondent relationships and a variety of institutional investors.  Bonneville Multifamily Capital is one of the largest USDA 538 lenders in the country, closing over 300 loans in the past eight years, with an average loan of $1.8 million.  Bonneville Multifamily Capital is a HUD MAP-approved lender with dedicated origination and in-house underwriting and servicing, and the #1 FHA Multifamily lender in Utah.  Together, Q10 | Bonneville Real Estate Capital and Bonneville Multifamily Capital have over $3.3 billion in their servicing portfolio.

 

The modern, new board room in Bonneville's headquarters has two glass walls, one textured wood wall featuring an inset, glass white board, and an illuminated wall featuring a Utah landscape painting.
Board Rooms Offer Natural Light and State of the Art Audio Visual Equipment

 

An interior meeting room has glass walls and four padded, semi-reclined chairs surrounding a wooden coffee table.
Interior Rooms Provide a Range of Meeting Areas

 

Break Room in Bonneville's Salt Lake City Headquarters
The Break Room Gives Employees Larger, More Functional Shared Space

Photo Credits:
Photo 1: 111 Main at Dusk, source www.111mainslc.com/design/
Photos 2-5: Interior of Bonneville Real Estate Capital’s Suite 1600 by Chris Knoles of Zwick Construction

Bonneville Employee Competes in 2017’s Utah Best Warrior

Competitors for Utah Best Warrior 2017. Last row, 3rd position: 1LT Laureen MacGregor AG Officer and Bonneville Real Estate Capital employee

We are proud of Bonneville employee and First Lieutenant Laureen MacGregor AG Officer for her ongoing service in the Utah Army National Guard and for her participation in this past weekend’s “Utah Best Warrior” competition.

The challenging physical and mental tests included weapons proficiency, day and night navigation, skills in combatives, oral and written tests, and other trials for the sleep deprived troops.

Thank you for your service!

#UtahBestWarrior #UtngBWC2017

1LT Laureen MacGregor AG Officer.
Soldiers and Airmen participate in State Best Warrior Competition April 2017. US Army Photo by Sgt. 1st Class Whitney Houston
1LT Laureen MacGregor AG Officer.
Soldiers and Airmen participate in State Best Warrior Competition April 2017. US Air Force Photo by Tech Sgt. Joe Davis

 

Gottschall and Jackson Judge 2017 Utah Real Estate Challenge

Bonneville directors John Gottschall (pictured at left) and Dustin Jackson were judges at the 2017 Utah Real Estate Challenge today, April 6th, 2017.

Bonneville is proud to have had participated in this event since its inception in 2007 as both a sponsor and a judge.

Over the course of many months, students prepared and presented in-depth commercial real estate development plans to a panel of expert judges.  First, second, and third place teams were awarded $20,000, $10,000, and $5,000 respectively for presenting the most promising and economically viable real estate development plans.

Bonneville group photo at the event (left to right): Laureen MacGregor, Tina Evans, Brandon Simmons, Ryan Thomas, Trevor Ellis, and Brady Larsen

More via PR Newswire: prnewswire.com/news-releases/students-design-the-future-in-utah-real-estate-challenge-300431190.html

Now Hiring: Loan Analyst

Q10 Bonneville Real Estate Capital is pleased to announce a new position in its Las Vegas, Nevada office.  Candidates for this position must live in the Las Vegas area, or be willing to relocate for this full-time, permanent position.

Bonneville recently celebrated its 40th year in business.  Bonneville has great longevity with its employees; the current tenure averages over 11 years, with the newest team members having been added due to company growth. Bonneville provides a positive team environment and regular hours along with competitive pay and a benefits package.

Position:

Loan Analyst

Location:

Las Vegas, Nevada

Qualifications:

Education – Bachelor’s degree or MBA; Major in Accounting, Finance, or Economics preferred.
Experience – Strong writing and analytical skills.
Necessary Skills –

  • Personal and business financial statement analysis. Ability to read and analyze credit reports.
  • Ability to clearly write results of analysis with logically supported conclusions.
  • Proficiency working with MS Office applications including MS Word and MS Excel and MS Outlook. Familiarity with Adobe Acrobat Professional and InDesign.
  • Ability to perform basic reformatting and analysis of construction project and annual operating financial statements in MS Excel.
  • Candidate must have writing, computer and financial analysis skills with attention to detail.
  • Willingness to learn.

Bonneville is willing to train on loan program and real estate requirements.

Job Description/Duties:

General Underwriting:
Work with loan officers and clients to collect underwriting information, review the submitted information for consistency, reasonableness, and compliance with loan programs. Identify items for follow-up and underwriting conditions. Items to be analyzed and reviewed include construction operating budgets and financial statements, environmental reports, survey reports and title reports, appraisals and marketing analyses.

Mortgage Credit Analysis:
Review confidential financial statements and credit reports. Analyze the reports for risks or deficiencies. Communicate directly with loan officers and client to obtain any needed clarification. Conduct appropriate verifications. Document process, recommendations, and conclusions for review by Chief Underwriter, Loan Committee and Federal Agencies.

If interested, please send your resume, cover letter, and contact information to: jobs@bmcslc.com

img_7216-edited Las Vegas Office 1 Las Vegas Office 2

Bonneville Sponsors 2016 Utah Real Estate Challenge

Bonneville Real Estate Capital is proud to be a sponsor of the 2016 Utah Real Estate Challenge (UREC).

The UREC is an intercollegiate real estate development competition for undergraduate and graduate students throughout the state of Utah. The competition fosters understanding of real estate development by giving students the opportunity to prepare and present a real estate development plan to a panel of expert judges.

A grand prize of $20,000 will be awarded to the student team with the most promising and economically viable Real Estate Development Plan.  Second and third prizes are $10,000 and $5,000, respectively.

Look for Bonneville at the presentations and awards banquet Friday, April 8th at Little America, and see our Facebook page for photos from the event.

Q10 Posts a Record Year in 2015

Screen-Shot-2016-01-26-at-1.22.21-PM

  • 2015 total production was $5.02 billion up 33% from 2014’s $3.719 billion.
  • This was our best year since 2007’s $5.541 Billion.
  • Total number of loans closed for the year was 690 up from 535 in 2014.
  • Q4 was up about 3.5% over Q4 of 2014 in dollar volume.
  • Average loan size for 2015 was $7.174 million up from $6.951 in 2014
  • Life company production was $2.715 Billion with 400 loans or 55% of the total dollar volume followed by conduit at $906 Million or 18% of production and banks at $591 Million or 12% of the total.
  • The majority of this year’s increase came from life company lending (up $848 million from 2014 and Fannie/Freddie up $288 Million).

Michael Thomas Receives Patriot Award

IMG_0004 cropped and compressedMichael Thomas of Q10 Bonneville Real Estate Capital receives the Patriot Award from the Office of the Secretary of Defense and the Employer Support of the Guard and Reserve for his contribution to national security and protection of freedom through employee policies.

 

Bonneville Changes its Name, Continues to Provide High-Level Service

Q10 | Bonneville Mortgage Company has changed its name to Q10 | Bonneville Real Estate Capital in order to reflect its core business of providing capital from institutional investors to owners of commercial and multifamily real estate. Bonneville will continue to provide high-level service and satisfaction to its clientele. Although employees have been issued updated email addresses reflecting the new name, all old email addresses will continue to work.Q10_env_BonnevilleMC SLC

Waterstone Defeasance, LLC Facilitates Defeasance of 3 CMBS Loans Refinanced by Bonneville Mortgage Company

Waterstone Defeasance facilitated the closing of a 3 loan self-storage portfolio totaling $4 million located in Utah. Waterstone worked on behalf of Towne Storage, a leading self-storage operator based in Salt Lake City, UT, to defease a CMBS loan portfolio. Dustin Jackson, a loan officer and Vice President of Production with Bonneville Mortgage Company, helped the borrower obtain refinancing on the loans with the help of Waterstone Defeasance, who was hired to defease the existing conduit loans in order to obtain a release of the mortgages.