Transaction Archive
Below are some of our older transactions.
Features of this deal
• Recently developed, Class A, 595-bed student housing
• Loan structured with future funding for retail build-out • 70% LTC / 70% LTV
• Loan structured with future funding for retail build-out • 70% LTC / 70% LTV
Student Housing Refinance
Lafayette, LA
$37.1M Bridge Loan
Features of this deal
• 90% leased, 154,977 SF suburban office
• Future funding component for TI/LC
• 70% LTC / 80% LTV fully funded
• Future funding component for TI/LC
• 70% LTC / 80% LTV fully funded
Class A Suburban Office
Princeton, NJ
$29.7M Bridge Loan
Features of this deal
Acquisition of 6 office buildings on 3 sites toaling 519,546 SF
55% occupancy with extensive lease-up plan
Over 100 short-term leases in place
55% occupancy with extensive lease-up plan
Over 100 short-term leases in place
Office Portfolio Acquisition
San Antonio, TX
$37.0M Stretch Bridge Loan
Features of this deal
• Single-tenant office building
• 85% of the purchase price
• Structured with a 4-year term to allow the ponsor to implement their business plan
• 85% of the purchase price
• Structured with a 4-year term to allow the ponsor to implement their business plan
Office
Tampa, FL
$18.4M Bridge Loan
Features of this deal
Acquisition of 202,582 SF Shoppers World of Brookfield
84% loan to purchase price
83% occupied
84% loan to purchase price
83% occupied
Retail Acquisition
Brookfield, WI
$18.5M Stretch Bridge Loan
Features of this deal
•Loan proceeds used to facilitate conversion from a Comfort Inn to a Crowne Plaza
• 3+1+1, interest only, 77% loan to purchase price
• Loan structured with future funding component to complete PIP
• 3+1+1, interest only, 77% loan to purchase price
• Loan structured with future funding component to complete PIP
Hotel
Orlando, FL
$19.6M Joint Venture Equity
Features of this deal
• Townhome-style, 400-unit apartment complex
• Successfully completed transaction in under three months
• Provided funding for more than 95% of the total capital stack
• Successfully completed transaction in under three months
• Provided funding for more than 95% of the total capital stack
Multifamily
Newport News, VA
$5.5M Joint Venture Equity
Features of this deal
• Two Class B multi-tenant suburban office buildings
• Future funding component designed to manage TI/LC costs associated with near-term rollover and lease- up initiative
• Three-year interest only term plus two 1-year extension options
• Future funding component designed to manage TI/LC costs associated with near-term rollover and lease- up initiative
• Three-year interest only term plus two 1-year extension options
Office Park
Brooklyn Center, MN
$13.2M Bridge Loan
Features of this deal
•Loan proceeds used to facilitate the acquisition and stabilization of the property
• 4+1, interest only
• Future funding component to manage leasing costs
• Under 40-day closing to accommodate the borrowers "time of the essence" contract
• 4+1, interest only
• Future funding component to manage leasing costs
• Under 40-day closing to accommodate the borrowers "time of the essence" contract
Office
Woodcliff Lake, NJ
$26.3M Bridge Loan
Features of this deal
• Rebranded hotel to be opened under the TRYP by Wyndham flag, next to Texas A&M campus
• Proceeds used to pay off existing debt and and to complete pre-opening renovations
• Three-year interest-only term, plus two 1-year extensions
• Proceeds used to pay off existing debt and and to complete pre-opening renovations
• Three-year interest-only term, plus two 1-year extensions
Limited Service Hotel
College Station, TX
$11.9M Bridge Loan
Features of this deal
• Combined fixed and floating rate debt
• Portfolio recap consolidation
• Enabled sponsor to continue to grow his business
• Portfolio recap consolidation
• Enabled sponsor to continue to grow his business
Industrial
Orlando & West Palm Beach, FL
$55.0M Debt Placement
Features of this deal
3-year interest-only bridge, non-recourse debty
• 80% LTC
• Future funding structure for TI/LC’s
• Upside potential exists in two undeveloped pad sites
• 80% LTC
• Future funding structure for TI/LC’s
• Upside potential exists in two undeveloped pad sites
Anchored Shopping Center
Birmingham, AL
$21.6M Bridge Loan
Features of this deal
• 3-year interest-only acquisition financing, non-recourse debt. 84% LTC
•Garden style apartment complex with significant value-add opportunity: occupancy and rents substantially below market
• $1.2 million capital improvement facility for gut rehab of down units
•Garden style apartment complex with significant value-add opportunity: occupancy and rents substantially below market
• $1.2 million capital improvement facility for gut rehab of down units
Multifamily
Atlanta, GA
$7.25M Bridge Loan
Features of this deal
• 3-year interest-only acquisition financing, 78% LTC
• Two class-B multi-tenant suburban office buildings
• 72% occupied by a mix of national and regional tenants
• Uniquely structured transaction allowing sponsor to reposition asset
• Two class-B multi-tenant suburban office buildings
• 72% occupied by a mix of national and regional tenants
• Uniquely structured transaction allowing sponsor to reposition asset
Office
Annandale, VA
$10.0M Bridge Loan
Features of this deal
•3-year interest-only acquisition financing, non-recourse debt. 88% LTV
•Value-add/reposition play: contract rents sufficiently below market rents due to previous ownership tax structure
• Loan structure implemented to cover initial debt service shortfall
•Value-add/reposition play: contract rents sufficiently below market rents due to previous ownership tax structure
• Loan structure implemented to cover initial debt service shortfall
Multifamily
Houston, TX
$11.75M Bridge Loan
Features of this deal
•3-year interest-only bridge, non-recourse debt. Unique asset in a premier location with strong upside potential
• Part of a $28MM capitalizations
• Highly structured transaction including: leasehold mortgage, fee mortgage, mezzanine loan, and preferred equity positions
• Overall embedded leverage of 83% LTC
• Part of a $28MM capitalizations
• Highly structured transaction including: leasehold mortgage, fee mortgage, mezzanine loan, and preferred equity positions
• Overall embedded leverage of 83% LTC
Luxury Boutique Hotel
Palm Springs, CA
$10.0M Bridge Loan
Features of this deal
• 3-year interest-only acquisition financing, non-recourse debt
• 83% LTC
• Future funding structure for TI/LC’s
• Effectively a stabilized property. Sponsor needed time to secure HUD financing take-out
• 83% LTC
• Future funding structure for TI/LC’s
• Effectively a stabilized property. Sponsor needed time to secure HUD financing take-out
Multifamily
Corcoran, CA
$6.67M Bridge Loan
Features of this deal
•3-year interest-only refinance, non-recourse debt. Highly structured
•Previous TIC ownership collapsed into single purpose entity
•97% economic occupancy with 50% physical occupancy. 100% of in-place leases roll within loan term
•Previous TIC ownership collapsed into single purpose entity
•97% economic occupancy with 50% physical occupancy. 100% of in-place leases roll within loan term