History
Western Highland Mortgage Company is a California corporation founded in Lake Tahoe in 1978 by Robert Novasel and Richard Schwarte. We represent 150 accredited private investors from across the US, and use our funds to secure first trust deeds on properties. Our main office is located in South Lake Tahoe, CA and has a branch office in Zephyr Cove, NV. Western Highland Mortgage achieves diversity by investing in numerous loans, including residential loans, development loans, commercial loans & more. The primary fund (Fund I) is a $38 million mortgage investment limited partnership which is currently in the process of starting a new fund (Fund II), which is managed by Edward & Lea Investments, LLC. This fund is still open to investors and is lending money at today's rate in today's stabilized real estate market yielding 7.5 to 8%. For more information and to receive a private placement memorandum on Fund II, please call Kelly Krolicki or Paul Sullivan at 530-577-5050.
Specialties
Providing private, hard money loans immediately for: Construction & Development, Investment Properties, Flipping, Commercial Real Estate, Raw Land, Improved Lots, Mixed Use Properties, Bridge Loans, Multifamily Residences, and Agriculture. Over 30 years of experience! We are licensed by the CA Bureau of Real Estate #00656844, the California Department of Corp. Financial Lender's License #607-2162, the Nevada Mortgage Licensing Division #1919, and the National Mortgage Licensing System #217285.