Swell, LLC was founded in 2014 and is comprised of John McGrew's V2, LLC and Glenn Gellert's Trapline, LLC. It has primarily been used as an entity to launch new projects by providing pre-development funding. It specializes in tax credit financing but has also done market rate housing and commercial development. Additionally, Swell owns land that can be used for its own development projects or can provide build to suit services for others.
The principles of Swell are Glenn Gellert and John Mcgrew
Glenn Gellert holds a Bachelors degree from Middlebury College and an M.B.A. from the University of Oregon School of Business. After a brief stint in banking, Glenn went on to work for a family real estate and development business that focused on buying deeds of trust and rental properties. In 1999 he completed his first LIHTC project in Girdwood, Alaska. Since then he has developed over a thousand LIHTC units primarily in Alaska, along with subdivision land development work and commercial work.
John McGrew has been involved in banking, finance, affordable housing, and land, residential, multi-family, commercial development for 40+ years. A life long entrepreneur, he has been involved in many types of real estate related business, and a co founder of oil support, camp construction and leasing company. John has also acted as developer and consultant for many non-profit organizations. John has lived in Alaska for most of his life, and enjoys fishing, boating and spending time with his family and friends.