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This is Lane Beattie of the Salt Lake Chamber with your Utah Business Report.
Taylor Capital Group L-L-C recently changed their business name to Taylor-Derrick Capital L-L-C.
With news of the name change, Taylor-Derrick Capital Group also reported fourth quarter returns of 3-point-75 percent for the Mountain West Debt Fund, L-P. For the complete 2012 year, Mountain West Debt Fund had unaudited returns totaling 17-point-45 percent.
So, what does that mean? Well, it's a reflection of the demand for new construction in the western United States—which is a very good thing for our economy. Housing and construction fell with the Great Recession, and their return signals an economy growing stronger.
The Mountain West Debt Fund consists of pooled, private capital invested in real estate-secured loans to developers in the mountain west states and California.
Taylor-Derrick Capital Group is the general partner and investment manager of the fund. They have offices right here in Salt Lake City, and Henderson, Nevada.
This is Lane Beattie for KSL News Radio.
