WG Stephanie, LLC- A 2011 value add acquisition of a $23mm note secured against 22 acres of improved land at the SEC of Stephanie Street and Wigwam Rd in Henderson, NV. The asset was repositioned and sold in 2013 to the developer of WinCo and Somerset Charter School. The total capitalization was $4.8mm.

The Deal Level Internal Rate of Return was 85.44%