William Cleverly
Chief Executive Officer

1_1William Cleverly co-founded Monterey Homes in 1985 and served as President from it’s inception until December 1996 when Monterey Homes closed an unusual reverse merger take-over of a publicly listed company. After the acquisition was completed, Monterey Homes changed its name to Meritage Homes Corporation and is listed on the New York Stock Exchange under the symbol “MTH”. In addition, Mr. Cleverly was elected to the position of Chairman of the Board and Co-Chief Executive Officer of Meritage. Meritage Homes designs, builds and sells distinctive single-family homes ranging from entry-level to semi-custom luxury and has built more than 100,000 homes in its 31 year history. Meritage is the 7th largest home builder in the United States and is a FORTUNE 1000 Company and builds in the metropolitan areas of Phoenix and Tucson, the Texas markets of Dallas/Ft. Worth, Austin, Houston and San Antonio, the San Francisco Bay area, Sacramento and Southern California markets, Atlanta, Denver, Nashville, North and South Carolina and throughout Florida.

Mr. Cleverly retired from Meritage and the Board of Directors in June 2002 and thereafter became the Chief Executive Officer of INCA Capital. Since its inception, INCA has funded and closed more than $500,000,000 of off-balance sheet financing of subdivisions for private and public homebuilders. In addition, the company developed and sold approximately 5,000 single-family residential lots in Metro Phoenix and is currently preparing for development, an approved master plan community known as Tortolita, in Tucson, (Marana) Arizona. Tortolita will have 6,500 homes with additional property for mixed uses, retail, office and a commerce business park. Since 2010 he has been the lead investor in funding more than $350 million of secured asset real estate loans and served nine (9) years on the Arizona Board of Directors of Compass Bancshares (a $60 billion U.S. Bank acquired by BBVA) as well as a board member of First National Bank of Scottsdale / First Scottsdale Bank. From 1983 to 1985, Mr. Cleverly was Owner and President of a real estate development firm that developed, built, managed & sold 12 multi-family apartment communities (for its own account) in the Phoenix area. He earned his undergraduate degree in Business from the University of Arizona in 1980 and is originally from Palo Alto, California.

Justin Ferrandi
Chief Operations Officer

3_3Justin Ferrandi is the co-founder and co-manager of INCA Capital. Mr. Ferrandi has over 15 years experience in private lending and has underwritten and funded over $600 million dollars in real estate loans. Mr. Ferrandi graduated from Arizona State University in 1991 with a major in Communication with an emphasis in Business. In 1992 Mr. Ferrandi received his Series 7 and Series 63 NASD broker license and worked for a Securities firm in Beverly Hills, California. In 1998 Mr. Ferrandi started the private lending division within a small residential mortgage company and grew it to over $50 million a year in loans. In 2003 Mr. Ferrandi founded his own private lending company and closed over 450 loans totaling nearly $250 million dollars in fundings. Mr. Ferrandi is licensed with the NMLS (the National Mortgage Licensing System and Registry) and is the Responsible Individual for the broker license for INCA Capital, LLC issued by the Arizona Department of Financial Institutions. In addition, Mr. Ferrandi has sat on the Executive Council for the Boys and Girls Club of Metropolitan Phoenix.

Brandon W. Walters
Chief Financial Officer

2_2Brandon Walters has worked in real estate from the finance side for his entire professional career and has specifically been involved in private real estate lending for more than a decade. Mr. Walters began his professional career in public accounting working in both tax and audit with the international accounting firm Deloitte & Touche. As a private real estate lender, Mr. Walters has represented many capital sources including Arizona’s second largest pension fund, Public Safety Personnel Retirement System. He has facilitated the closing of over a $350 million in real estate loans as well as consulting on over $1 billion of structured finance transactions.

Mr. Walters has worked with many types of real estate through public accounting, lending, consulting and as an owner. These property types include raw land, master planned communities, apartments, retail, golf courses, hotels and farms. He has also been involved with the development and construction of many of these property types. Mr. Walters earned a Bachelor of Science in Accountancy from Arizona State University and is a Certified Public Accountant and a member of the Arizona Society of CPAs.

Holly Schoeneman

Real Estate Analyst/Underwriter – Holly joined INCA Capital with 16 years of experience in the commercial real estate industry. Her background includes 5 years in loan administration and construction lending, 4 years in Asset Management and 7 years in credit analysis for both investor and owner occupied real estate. She has worked for large private lending companies and public lending companies. Holly obtained her Bachelors of Science in Accountancy from Arizona State University, and also has a Master’s Degree in Business Administration from the University of Phoenix.

Robert P. Cleverly

Business Development – Bob brings years of business experience in banking, equipment leasing and real estate financing. Bob has been an executive for 33 years with AT&T Capital, BBVA Compass Bank and JP Morgan Chase and has been successful in developing long-term relationships with C-level decision makers from diverse industries. His customer focused skills have helped his clients grow their businesses to take advantage of market conditions and special opportunities and his experience in financial matters has been accretive and strategic in assisting clients in complex transactions. Mr. Cleverly received his Bachelor of Science degree from the University of Arizona in Tucson.