Mortgage Income
Portfolio Manager
President, Sr. Portfolio Manager, Real Estate Debt
El Jahncke is Washington Capital’s president and manager of its real estate and mortgage investment operations. El also chairs the firm’s real estate investment committee.
El has spent his entire professional career in the commercial real estate finance industry. He has more than thirty years of commercial real estate investing experience representing institutional investors such as life insurance companies and pension funds. This experience covers the discipline of debt and equity financing, property acquisitions, project analysis, portfolio strategy and administration, loan underwriting, asset management, brokerage and mortgage banking.
In 1988, El joined Washington Capital Management to launch its real estate investment activities, which initially focused on mortgages.
El has an MBA degree from Columbia University, a BA degree from Stanford University, and a certificate in real estate (with specialization in appraisal and finance) from UCLA. He is a member of the Pacific Real Estate Institute, the National Association of Industrial and Office Parks (NAIOPO) and the Seattle Mortgage Bankers Association.
El and his wife Gayle have lived for the past twenty-five years on Mercer Island, where he serves on the City Council. El enjoys scuba diving, snowboarding, hiking, and mountain climbing. Close Bio
Strategy
The investment objective is stable and competitive income from construction and/or permanent mortgages on high quality commercial or multi-family properties.
The Mortgage Income strategy is structured to provide active portfolio management to reduce the long term risk associated with the ownership of individual loans. Geographic diversification can minimize the impact of economic downturns relating to specific areas. Diversification by type and size of property can avoid the hardships inherent in specific project failures or over-building by industry groups. Diversification by length of maturity can help provide liquidity for pension plans.
Investment Objective
- Property and geographic diversification
- Primarily commercial and multi-family first mortgages
- Construction, permanent, or combination loans
- On-site work requires building trades union labor
- 10% liquidity for redemptions*
