In 2008, Hurricane Ike made its final landfall over Galveston Island in Texas. The rising storm surge overtopped the 17-foot Galveston Seawall, placing much of the island under water. The storm left Galveston in utter devastation.

The partners already owned properties in varying parts of Texas. Ashton Place was purchased at foreclosure. When acquired, the entire first floor was under water and the building was completely uninhabitable. While currently under extensive rehabilitation, the project when completed is expected to have a significantly enhanced value.

SBV invested 9 months negotiating the purchase of a note for two multi-family properties in Houston, Texas. SBV purchased the note for $1.5M in early 2010 and will spend approximately $3.2M foreclosing and renovating the properties.

Although the two properties are C assets in C areas, SBV made the investment because of the attraction of the asset’s stability in a strong blue collar workforce area of Houston.

SBV anticipates the 375 units will generate an approximate stabilized NOI of $650,000 which implies a 13.8 cap on the purchase.

SBV will make decisions about holding the property long term once the rehab is complete.

AltEn Opportunity I (“AltEn”) is a unique renewable energy and energy efficiency project located in rural Nebraska near Mead, Nebraska. AltEn is acquiring a 23M gallon ethanol and 8M+ gallon anaerobic digester facility located outside Mead, Nebraska (the “Facility”). The Facility uses a patented closed-loop renewable energy system which encompasses the ethanol plant, the anaerobic digester and a cattle feedlot. The Facility is located on about 430 acres and cost about $90M to construct. Upon near completion, but prior to full production, an accident damaged a boiler. This incident, combined with unusually adverse economic conditions, including high corn prices, led the owner to seek bankruptcy protection.

The bankruptcy presented an investment opportunity to SBV. SBV crafted a solution through negotiations with the feedlot owner, bondholders, bankruptcy trustee, original private investor and other interested parties.

This opportunity places the vast majority of the investment money in a 1st position collateralized by the land, the $90M cost facility and millions of added assets pledged by the private investor. SBV believes this creates an investment opportunity which is unusual in that it offers both high yields with lowered risk.

AltEn raised $14.0M for this opportunity. $11.7M was used for all aspects of acquiring and emerging the Facility from bankruptcy, and for repair, renovation and other expenses necessary to make the Facility fully operational. Approximately $2.3M was used to purchase $5M of bonds.

In return, AltEn received Super Senior Debt for $11.7M with a 15.0% interest rate collateralized by land, improvements, and other assets. All distributable cash and excess monies received by the Facility will be used to retire the interest and principal owed on this note on a first out basis.

AltEn Opportunity will also receive a 40% equity interest in the Facility and will be entitled to its share of all distributions after the Super Senior Debt is retired.

The facility is scheduled to begin producing ethanol in late 2010.

Edata Solutions turned to the partners of SBV to provide the necessary capital to expand their highly secure data processing business. Edata Solutions is an industry leader in cost-effective technologies to meet the online relationship needs for consumer finance companies. Edata Solutions has a proprietary, fully integrated solution that captures leads & qualifies prospects in real time. Edata Solutions also has developed all-inclusive loan management software, data analytics software, and communications programs, linking consumers directly with lenders.

Since the beginning, SBV has consulted with the business by providing operational, financial accounting and regulatory compliance expertise. SBV has helped grow the business from $7M in EBITDA in 2006 to a current run-rate of approximately $20M in annual EBITDA.

Additionally, SBV has option opportunities to receive equity ownership that provide significant upside in the event of a sale which is a significant value enhancement to the already high returns.

Currently, SBV is consulting with eData on pursuing either a full or partial sale of the company.

Amit Raizada, SBV’s CEO, has 19 years of experience operating retail wireless stores and has worked with AT&T, T-Mobile, Verizon, and Nextel around the country.

Until 2009, SBV operated AT&T branded stores in Kansas City; however, due to Verizon’s superior network and growth strategy, the stores were converted to Verizon Premier Retailers beginning in November 2009. As part of the Verizon growth strategy, Verizon agreed to Worldwide Wireless’ growth plan to 20 stores in the Kansas City market.

February 2010, SBV acquired Express Wireless, six Verizon Premier Retailer stores in the Kansas City market expanding Worldwide Wireless’ footprint.

SBV intends to hold this investment in its portfolio.

In 2009, Verizon presented SBV with an opportunity to purchase four existing premier retail stores in St. Louis, Missouri, as a platform for an experienced team to springboard into the St. Louis market. SBV’s CEO has 19 years of experience operating retail wireless stores and has worked with AT&T, T-Mobile and Nextel around the country.

As part of the deal, Verizon agreed to subsidize SBV’s expenses for opening eight additional stores in the St. Louis market. The existing stores generate approximately $450,000 of annual profit and it is projected that the 12 stores, once opened, will generate approximately $1,000,000 of profit annually.

In less than 30 days, SBV raised $1,600,000 by giving investors a 12% preferred return and 50% equity in the venture.

SBV intends to hold this investment and continue growing it in the future.