Watt Funding Commercial Real Estate Private Lending

Watt Funding

Oxnard Crossroads Village | Retail | Oxnard, CA

About Watt Funding

Watt Funding is the Commercial Real Estate Lending division of Watt Companies. With over 70 years of commercial real estate experience, Watt Funding originates and structures bridge loans to commercial real estate investors, developers and owners. As an alternative to traditional bank lending, we have established a reputation of providing a dependable source of capital and structured solutions to experienced real estate borrowers. We are committed to providing quick responses and timely closings across all commercial property types. We are prepared to help real estate professionals capitalize on opportunities in today’s marketplace.

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People

  • Jim Maginn, Watt Companies

    Jim Maginn

    Managing Partner & Board Member

    310.314.2497
    https://www.linkedin.com/in/jim-maginn/

    Jim Maginn joined Watt in 1986 as Senior Vice President/Chief Financial Officer. In this position, he was responsible for all of the development, permanent, and mortgage financing related to residential and commercial operations.

    In the early nineties he assumed the position of President of Watt Companies where he worked on restructuring the organization which included selling one residential subsidiary to Beazer Homes which subsequently went public and forming a joint venture with Goldman Sachs with another residential subsidiary. This JV eventually evolved into John Laing Homes which built over 3,000 homes per year and generated over $1.1 billion in revenue. Mr. Maginn was a member of the John Laing Board of Directors until the company was sold in June 2006.

    In 2003, he established a joint venture with Australia’s Centro Properties Group known as Centro Watt, which sought to build a significant national shopping center ownership and management platform in the United States. During the next four years, the venture acquired over 700 retail centers, with more than 155 million square feet, with properties located in 38 states and a total asset value in excess of $11.0 billion. After reaching the shared objective of building a strong U.S. retail platform, Watt successfully exited the JV as planned. Mr. Maginn was also President/CEO of Centro Watt. In 2010, Mr. Maginn stepped down as President/CEO of Watt and Nadine Watt assumed his responsibilities. He and an associate started a division which focuses on investing directly in commercial and residential ground up and redevelopment projects.

    Before coming to Watt, he was Manager of Corporate Banking for California First Bank (Union Bank), a wholly owned subsidiary of the Bank of Tokyo/Mitsubishi Group. In this position, he was also responsible for the U.S. business in the Far East and spent three years in Tokyo.

    He received his B.S. from the U.S. Naval Academy and MBA from UCLA. He is on the Board of Governors for ULI, treasurer / board member of the National Tuberous Sclerosis Alliance and a member of both ICSC and the California Business Property Association. He spent 20 years in the Navy, both active duty and reserves. He retired as a Navy captain.

  • Laus Abdo, EVP Portfolio Manager, Watt Funding

    Laus Abdo

    EVP Portfolio Manager

    310.314.5089
    https://www.linkedin.com/in/laus-abdo-02414729/

    Manages origination and underwriting of loans by the Fund. Serves on the Board of CDF Capital, a $650 million specialty lender to churches (Since 2012). President of AGP Capital, a Commercial Real Estate Advisory Firm (Since 1993). Laus has 30-years of commercial real estate experience and has been involved in over $500 million of real estate transactions. Previously was Executive Vice President for a commercial real estate development company.

  • Mark Sato, Fund Controller, Watt Funding

    Mark Sato

    Fund Controller

    Mark Sato is responsible for investor relations, Fund administration, compliance and financial reporting for Watt Funding. Prior to joining Watt, he was an Assurance Manager with PricewaterhouseCoopers, specializing in Investment Management and Real Estate. Mark is in the process of obtaining his MBA from UCLA Anderson, with a specialization in Real Estate and Finance. He previously served as a risk manager on UCLA’s Anderson Student Asset Management (“ASAM”), applying “Quantitative” investments strategies to a portion of UCLA endowment’s portfolio. In 2016 Mark completed a 6 month long consulting project for a Swedish technology start-up as part of UCLA’s Global Access Program (“GAP”) and was awarded the prestigious 2017 GAP Fellowship Award for his efforts.

    He received his Bachelor of Arts from University of California, Los Angeles, where he graded cum laude in 2004. He is also a Certified Public Accounting with the State of California.

  • Jason Wolanzyk, SVP Operations and Underwriting, Watt Funding

    Jason Wolanzyk

    SVP Operations and Underwriting

    Underwrites and structures loans made by the Fund. Previously, CFO of one of the largest private home builders in the southwest, building over 1,000 homes per year. Involved with over $700 million in acquisition, development, construction and investor capital.

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