Santa Barbara Commercial Fund
Investors
EQUITY INVESTOR
VALUE PROPOSITION
Alternative Income Investment for accredited investors looking to invest in their community.
STRATEGY/PHILOSOPHY
PASSIVE INCOME
Consistent passive income from a diversified investment pool. Quarterly preferred returns of 6% with target annualized returns of 8-9% on invested capital.
SECURITY
Conservative real estate collateral basis with a target ~60% portfolio average Loan To Value. The majority of real estate secured loans will be in Santa Barbara & surrounding coastal communities where there is Security of Principal.
INTEREST RATES
CONSISTENCY
Consistent quarterly returns in up and down markets delivered by an experienced (In developing, negotiating, structuring, documenting, servicing, and collecting on loans) lending team. We have tested policies & procedures including appraisal review/ordering & construction fund disbursement, lending specific legal counsel, experience in special assets & REO disposition, and compliance.
Mitigated exposure to rising interest rates. Underlying short-term duration of the portfolio estimated at 1.5 years.
IN HOUSE
In House underwriting & servicing (Loan documentation & services, construction draw management/inspection, legal counsel, etc.)
DIVERSIFICATION
Diversified loan portfolio, limited concentration risk (Individual loans not to exceed target of 15% of portfolio when portfolio is greater than $20M), and concentration tracking of asset sub-classes (retail, Industrial, hospitality, etc.) to mitigate investment risk.
RELATIONSHIPS
We know our clients and we strive to work with quality projects/established sponsors.
PRIDE
We value Pride of Ownership, and we work with borrowers/sponsors that demonstrate those qualities. The majority of SBCFund investments go to support local real estate & business development.
PROTECTION
Loan loss provision will be maintained against portfolio loan balances. Actual loan loss provision will be at the manager’s discretion with provisioning set aside to protect against potential loan losses in the existing loan portfolio.
WHY US?
Local Knowledge
Our lending experience is in Santa Barbara and our coastal communities, and we believe that responsibly extending credit is essential to the economic health & vitality of those communities.
Local Experience
Our team has 50+ years of combined commercial banking experience & contacts with local community banks. Whether or not we can directly finance your commercial project, we will work to assist you in securing a short-term or long-term financing solution that fits your needs and expectations.
In House
Our lending experience is in Santa Barbara, ”In House” underwriting & loan servicing & documentation, construction draw management & inspections, legal counsel, etc. “We know our clients.”
INVESTOR INQUIRY
Site Title
This website (the “Website”) for Santa Barbara Commercial Fund , LLC (“SBCFund”) has been prepared by KJacobsen Capital, LLC. (“KJCapital”) for information purposes only. This Website does not constitute an offer to sell or a solicitation of an offer to purchase membership interests in any security. Any prospective investor is advised to carefully review all of the private placement memorandum, operating agreement and subscription documents (“Investor Documents”) and to consult their legal, financial and tax advisors prior to considering any investment in the Fund. This Website does not purport to be complete and is superseded in its entirety by the information contained in the Investor Documents. Past performance is not indicative of future returns or SBCFund results. Individual investment performance, examples provided and/or case studies are not indicative of overall returns of the SBCFund. In addition, there can be no guarantee of deal flow in the future. Some of the statements in this Website, including those using words such as “targets,” “believes,” “expects,” “intends,” “estimates,” “projects,” “predicts,” “anticipates,” “plans,” “pro forma,” and “seeks” and other comparable or similar terms are forward-looking statements. Forward looking statements are not statements of historical fact and reflect KJCapital’s views and assumptions as of the date of the Website regarding future events and performance. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are important factors that could cause SBCFund’s actual results to differ materially from those indicated in these statements. KJCapital believes that these factors include, but are not limited to, those described in the “Risk Factors” section of SBCFund’s confidential private placement memoranda.
AN INVESTMENT IN THE SBCFUND INVOLVES RISK, AND NUMEROUS FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF SBCFUND TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS WEBSITE. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS WEBSITE.