Lone Oak Fund Reaches $1 Billion in Unleveraged Capital

Lone Oak Fund, LLC, a private debt fund based in West Los Angeles, recently reached $1 billion in unleveraged capital. The Fund increased its capital by 18.46 percent in 2017 alone. Last year, Lone Oak Fund recorded 581 loans totaling $860,736,000, a 13.70 percent increase over 2016. The founders, Gerald A. Ducot and James A. Rothstein, attribute this growth to the confidence of the Fund’s investors and the service and efficiency provided by their staff.

Since 2003, Lone Oak Fund has focused on bridge loans secured by first trust deeds on California real estate. The Fund makes commercial & non-owner occupied residential loans from $1 million to $30 million that typically close within a week. Processing, underwriting, approval, and loan documents are done in-house, along with in-house Loan Servicing. Mortgage brokers and bankers continue to utilize Lone Oak Fund for the efficiency, speed, and certainty of execution that Lone Oak Fund provides their clients.

Time-sensitive and value-add transactions will remain the biggest opportunity for Lone Oak Fund in 2018. Mortgage brokers and bankers often utilize Lone Oak Fund for interim financing until a bank loan is available. Examples include:

-        The borrower needs to close quickly (most loans close within 1 week)
-        Instances where rents need to be seasoned
-        The borrower plans to relocate tenants, renovate, and lease up
-        The property is a vacant building or has below market rents
-        The borrower needs to pay off existing construction debt until property is sold
-        The borrower is a foreign national who owns California real estate

There is never a prepayment penalty or minimum yield maintenance. As soon as a bank loan is available, the borrower can pay off the bridge loan without incurring additional costs.

For more information on Lone Oak Fund, LLC please call 310-826-2888 or visit www.loneoakfund.com.

Contact Info:
Alexa Mizrahi
Lone Oak Fund, LLC
310-826-2888 x16
alexa@loneoakfund.com