EvCorp Capital Inc. (formerly Everest Real Estate Fund Inc.) was created to utilize the alternative markets to finance Everest Development Group’s (a related party) real estate projects while putting investors first.
Everest Development Group has been building homes and commercial projects, developing land, and converting condos while achieving superior returns for investors and has not lost $1 in principal or missed an interest payment.
The sound management of the company as well as the focus on achieving a low debt-to-equity ratio has been integral in the continued growth of Everest, even in the recent economic downturn.
For EvCorp Capital, the relationship with a local builder and developer means that they would have the expertise needed to effectively place invested funds. With this solid borrower in place, EvCorp Capital has had an advantage from inception: a relationship with a real estate company with land assets and a solid track record.
Relation to Everest Development Group
EvCorp Capital (formerly Everest Real Estate Fund) is a related party to Everest Development Group Inc., an Edmonton-based development company that has a very successful history of building homes, servicing subdivisions and constructing other commercial and residential projects. This relationship to Everest Development Group differentiates EvCorp Capital in two important ways: