Hospitality – Arcadia CA

$42.5MM arcadia, ca hospitality 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 Hospital 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 Condominium 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…

Senior Housing – Southern CA

$11.5MM Southern CA Senior Housing Transaction Highlights Total financing of $11.5MM LTC of 25% and CLTC of 90% 30 years fixed Capitalized Interest Period of 2.5 years c-pace $11.5MM LTV: 25% type: New Construction Building: Senior Housing TERM: 30 Years fixed Status: Closed Project Description The borrower was seeking financing for the development of a…

Mixed Use – Alexandria, MN

$5MM Alexandria, MN – Mixed-Use 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…

Healthcare – Pennsylvania

$4.3MM Pennsylvania Healthcare 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…

Mixed Use – Baltimore, MD

$3.3MM Baltimore, MD Mixed-Use Transaction Highlights Total financing of $3.3MM LTV of 12% and CLTV of 76% 25 years fixed Capitalized interest period of 1.5 years Interest-Only Period of 5 years c-pace $3.3MM LTV: 12% type: Retrofit building: Hospitality term: 25 Years Fixed Status: Closed Project Description The borrower purchased a historic building in downtown…

Hospitality – Norfolk, NE

$2.1MM Norfolk, NE Hospitality Transaction Highlights Total financing of $2.1MM LTV of 18% and CLTV of 93% 30 years fixed Capitalized Interest Period for 1.5 years c-pace: $2.1MM LTV: 18% Type: New Construction building: Hospitality term: 30 Years Fixed Status: Closed Project Description The borrower was looking to build a new 90-key Marriott-flagged extended-stay/limited service…