Hospitality – Arcadia CA

$42.5MM • arcadia, ca Transaction Highlights Total financing of $42.5MM LTV of 41% and CLTV of 69% 25 Years Fixed Interest-Only Period of 2.5 years c-pace $42.5MM LTV 41% TYPE: New Construction Building: Hospitality Term: 25 Years Fixed Status: Closed Project Description The Le Meridien Hotel completed construction in Spring of 2021 during the Covid-19…

Hospital – Southern CA

$42MM • Southern, CA Transaction Highlights Total financing of $42MM across four properties LTV of 14% 25 years fixed Non-recourse Capitalized interest reserve for two years c-pace $42.5MM LTV: 14% Type Retrofit Building: Hospital TErm: 25 Years Fixed Status: Closed Project Description The Office of Statewide Health Planning and Development (OSHPD), instituted guidelines that required…

Condominium – Hollywood, FL

$11.8MM • Hollywood, FL Transaction Highlights Total financing of $11.8MM LTV of 23% and CLTV of 77% 30 years fixed Capitalized interest period of 3.5 years Interest-Only Period of 4 years c-PACE: $11.8MM LTV: 23% Type: New Construction building: Condominium Term: 30 Years Fixed Status: Closed Project Description Condominium Project in Hollywood, FL. Total project…

Mixed Use – Alexandria, MN

$5MM • Alexandria, MN Transaction Highlights Total financing of $5MM LTV of 13% and CLTV of 70% 21 years fixed Capitalized interest period of 1.5 years c-pace: $5MM LTV: 13% type: New Construction building: Mixed-Use term 21 Years Fixed Status: Closed Project Description The borrower was looking to finance the new construction of a 4-story,…

Healthcare – Pennsylvania

$4.3MM • Pennsylvania Transaction Highlights Total financing of $4.3MM across 4 properties LTV of 9% and CLTV of 75% 25 years fixed Interest-Only Period for a year Non-recourse with no covenants c-pace: $4.3MM LTV: 9% Type: Retrofit Buuiding Healthcare term: 25 Years Fixed Status: Closed Project Description A former historic hospital campus had been converted…