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- EIN 65-1187807
- (206) 382-0825
- 1200 6th Ave Ste 700 Seattle WA 98101-3125 USA
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Nonprofit Overview
Causes: Real Estate Associations
Mission: The entity is organized as a title-holding company, organized solely for the limited purpose of acquiring, owning, improving, leasing, managing, operating and holding real estate for investment purposes.
Programs: Funding mortgage loan through construction draws and charging interest for the loan. The loan was being used to develop a condominium project. The developer was unable to complete the project during the 2007-2008 financial crisis. Clpl, inc. Foreclosed on the project and the project was sold. The senior lender was entitled to all proceeds from sale. Clpl, inc. Therefore experienced a complete write off.