July Loan Of The Month

Loan of the Month July 8, 2026

Richland, WA | Vertical Construction

This month’s featured loan is a ground-up single-family construction project in Richland, WA – a strong example of how Cascara Capital structures vertical construction financing to give borrowers the leverage they need to build and deliver a clean exit.

Loan Amount

$482,000

Ground-Up Construction

Structure

75% LTV | 86% LTC

9-Month Term

Exit Outcome

Sold $641K

Strong Exit on Completion

Loan Type

Vertical Construction

Location

Richland, WA

Property Type

Single-Family

Cascara Capital funded this Richland ground-up construction project at $482,000, structured at 75% LTV and 86% LTC with a 9-month term. The borrower completed the build and sold the finished home for $641,000, a strong outcome that reflects both solid execution on the build and healthy demand in the Richland market. It’s a clear example of how the right vertical construction loan gives a borrower the runway to build with confidence and deliver a clean exit.

Interested in financing your next project?

Cascara Capital funds vertical construction, fix & flip, bridge, and land development loans across 13 states.

Apply Now
Scroll to Top
Will Friedman

Controller

Will brings a diverse background in public accounting, institutional fund management, and financial operations to his role as Controller at Cascara Capital. He oversees financial reporting, private equity operations, and day-to-day portfolio management across the firm's lending platform and private equity fund. Prior to Cascara, Will spent nearly three years at one of the world's largest public accounting firms specializing in audit and transaction finance, before joining one of the country's largest fund management companies where he gained deep experience across fund structures and investor relations. Will holds a BBA in Finance and Accounting from Gonzaga University.

Heather Ross, CFO, smiles confidently with arms crossed, wearing a charcoal gray blazer over a dark top. She has wavy, shoulder-length blonde hair, and stands in front of a textured gray background.
Heather Ross

CFO

Coming soon...

Koby Lines, Business Loan Consultant, smiles with arms crossed, wearing a dark pinstripe suit, white shirt, and navy tie. The background is a plain, textured gray surface.
Koby Lines

Business Loan Consultant

Coming soon...











Max Rutherford, Senior Loan Analyst, standing with arms crossed, wearing a white shirt, against a textured gray background.
Max Rutherford

Senior Loan Analyst

Max brings a strong background in investment banking, financial analysis, and portfolio management to his role as Senior Loan Analyst at Cascara. He supports the firm’s loan strategy and underwriting efforts while managing client relationships, portfolio risk, fundraising initiatives, and marketing strategy. Prior to Cascara, he served as an Analyst Intern at Cascadia Capital, where he focused on financial modeling, market research, and pitch deck development. He also worked as an Accounting Associate at myGREEN Tax & Accounting, managing QuickBooks portfolios and preparing financial reports. Max holds a BBA in Marketing from the University of Washington’s Michael G. Foster School of Business.

Michael Thies, VP of Sales, in a suit standing and smiling against a plain, textured gray background.
Michael Thies

VP of Sales

Michael brings over 25 years of experience in mortgage lending, marked by leadership, operational excellence, and a dedication to helping clients achieve their goals. As a high-performing branch manager at Bank of America, he led a team that consistently funded more than $600 million annually, showcasing his talent for driving results and building strong teams. Throughout his career, Michael has personally originated over $700 million in residential loans, earning a reputation for integrity, trust, and personalized service. His deep understanding of market dynamics and borrower needs makes him a valued resource for clients and colleagues alike. Michael’s ability to blend strategic insight with a client-focused approach positions him as a respected leader in the industry.

Smokey Burns, board member, standing confidently in a gray suit with a blue tie and pocket square, against a textured gray background.
Smokey Burns

Board Member

Smokey brings over 25 years of experience in finance, accounting, and business development to Cascara. After earning his graduate degree from the University of San Francisco in 2001, he founded and led Epicenter Network, an online marketing company, as CFO until its successful sale in 2010. While staying on through 2015, he also launched Lexo Media Group in 2012 and sold it in 2015. In 2016, he co-founded Nimble Five, Inc., where he oversaw all finance and banking operations, managed accounting teams, led HR and compliance efforts, and worked closely with shareholders on strategic decisions. Smokey’s proven track record of multiple successful exits and his disciplined leadership have been key contributors to Cascara’s continued growth.

Brett Moreland, Founder & Principal, in a dark suit smiles confidently, standing against a plain, textured gray wall, exuding a professional demeanor.
Brett Moreland

Founder & Principal

Brett brings over 30 years of real estate finance experience to his role as Founder and Principal of Cascara Capital. He leads the firm’s strategic direction, capital relationships, and credit operations, drawing on deep expertise in lending cycles and risk management. Brett began his career at Norwest Bank before founding Qualfund Lending, LLC, which grew to 80 loan officers with annual volume exceeding $800 million. After selling Qualfund to First Independent Bank in 2003, he served as General Manager until 2005. Since then, Brett has focused on private lending, originating and servicing $700 million in bridge and construction loans. He holds a finance degree from Washington State University and lives in Kirkland, Washington, with his family.