An entity formed by Everest Holdings, LLC in Scottsdale, AZ recently purchased a construction loan collateralized by a grocery-anchored shopping center in metropolitan Phoenix, AZ. The seller was a national bank and the loan was performing at the time of purchase. Everest intends to hold the loan to maturity and is interested in buying additional loans–both performing and non-performing–that are secured by Class A or B commercial properties located throughout the Southwestern and Western US.