Desert Capital (Desert)

Desert Capital REIT, Inc., a real estate investment trust (REIT), engaged in the origination and financing of short-term mortgage loans in the southwestern United States. It primarily invested in mortgage loans that were secured by first or second mortgages on real property. The company offered acquisition and development loans, as well as construction loans to developers and builders of residential and commercial property. As of December 31, 2006, its mortgage portfolio consisted of 168 separate loans. On June 30, 2012, Desert Capital REIT, Inc. went out of business under Chapter 11 as per its bankruptcy filing.