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.
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.”
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.
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
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.
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
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.
Las Vegas, Nevada
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.
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: firstname.lastname@example.org
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.
Michael 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.
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.
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.