December 31, 2018 – Clear Capital Advisors served as exclusive financial advisor and placement agent for Watt Funding, a commercial real estate bridge lender located in Santa Monica, California. Watt Funding is the commercial lending division of Watt Companies, a prominent developer, builder, and manager of commercial real estate assets for over seven decades.
Clear Capital advised in the structuring and capitalization of the fund that successfully launched to outside investors in early 2018. Watt Funding was seeking a limited partner base consisting of institutional and other accredited investors seeking favorable risk-adjusted returns secured by first trust deeds on commercial real estate.
On December 31st, 2018 Watt Funding had loan commitments of $110M and sufficient capital commitments to meet their robust pipeline of loans.
Jim Maginn, President of Watt Funding commented “With the support and guidance of Clear Capital Advisors and the leadership of its Managing Director Bruce Pompan, Watt Funding was able to meet and exceed our growth objectives. Clear Capital was instrumental in securing the investor capital to grow our bridge lending program.”
Watt Funding is a regional lender focusing in markets where Watt Companies has a presence. Watt relies on its direct experience and knowledge to source, underwrite, and close loans on a timely basis. Watt Funding funded its first loan in April 2016 and has originated 26 loans to date totaling $150 million.
“It has been an honor to work with the leadership team at Watt Funding,” said Bruce Pompan, Managing Director with Clear Capital Advisors. “Their expertise at sourcing, underwriting, and funding commercial real estate bridge loans has been demonstrated though the fund’s high quality portfolio. The managers have met their return and underwriting parameters set forth in the fund’s launch and has been a bright spot in its investors’ portfolios for 2018.”
About Clear Capital Advisors Clear Capital Advisors is a premier independent investment advisory firm focused on providing mergers and acquisitions advisory and capital raising services to select technology, digital media, technology enabled services and other business services companies. Securities offered through Fallbrook Capital Securities Corp., Member FINRA – SIPC. For more information, visit www.ClearCapitalAdvisors.com.