Article by Mike McLean of the Journal of Business
Since its launch in 2008, Inland Capital LLC, a Spokane-based private money lender, has grown its total annual loan volume to $30 million, as of year-end 2016.
Now, the company plans to start its first private equity fund this spring with a goal of raising $50 million to lend to a niche market of buyers of distressed residential and commercial real estate, says Aaron Cunningham and John Urquhart, Inland Capital’s founding partners.
“This is our big jump from being solely our private equity to offering other individuals the opportunity to invest in a fund doing what we’ve done.”
He says the company plans to launch Inland Capital Fund Series A on May 15. Inland Capital is seeking accredited investors to participate in the fund, he says. Accredited investors have verified means to invest and have some knowledge of investment risks in regard to unregistered securities.
To read the full article, visit SpokaneJournal.com.