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Mooring Capital Fund LLC (the Fund) is a
private, closed-end fund that operates similarly to a commercial
mortgage REIT. Since inception in 1999, the Fund has consistently
provided above-average returns to investors by purchasing
and managing performing, sub-performing and non-performing
commercial loan portfolios. Most of these loans are secured
by real estate. The Fund originates and purchases existing asset-based business
loans and invests in a variety of business ventures through
the purchase of capital stock and partnership interests.
The Fund prides itself on working closely and cooperatively
with borrowers.
The capital of the Fund has been
contributed by John Jacquemin and additional accredited
investors. The Fund is managed by Mooring Financial Corporation,
headed by John Jacquemin.
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The Fund acquires commercial loan portfolios
from various national banks and other financial institutions.
Lenders sell loans for a number of reasons, including the
need to monetize loans, trim portfolios during mergers,
or create geographical or industry focus.
The typical due diligence and investment
process takes 1-2 months to complete. Over this period of
time, the Fund's due diligence team reviews mortgage loan
files and collects additional underwriting information.
The Team then outlines payment scenarios, assembles a strategy
for handling each loan, and proposes price ranges for each
loan in a given mortgage pool. After discussing the loan
information in a committee format, final bids for each pool
are set.
The Fund services the loans that
it purchases using a proprietary loan servicing system,
and closely tracks their performances.
The fund also originates asset-based business loans. For more information please click here.
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The Fund has a diverse portfolio of commercial
mortgages in a number of different states secured by a variety
of asset types including office buildings, warehouses, agricultural
properties, and religious institutions.
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% of Fund
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Category Includes |
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| Commercial |
30%
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Office buildings, retail centers,
warehouses, auto shops, etc. |
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| Religious Institutions |
25%
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Churches and other places of
worship. |
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| UCC liens |
9%
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UCC-1 liens on various assets. |
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| Transportation Equipment |
8%
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Marine vessels and aircraft. |
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| Agriculture |
8%
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Farm land, agricultural buildings, equipment, and livestock. |
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| Other Real Estate |
20%
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Assisted living facilities,
land, apartment buildings, etc. |
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Since 1999, the Fund
has experienced substantial growth. Mooring Financial Corporation
uses a conservative philosophy in managing the Fund, and
has delivered returns that have consistently met or exceeded
investor expectations.
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