Commercial Real Estate Lending Nationwide
Finance with certainty™
Knighthead Funding is a real estate finance company specializing in loans for acquisition, renovation, construction and refinancing.
Knighthead originates loans for its managed real estate debt funds and Knighthead Annuity & Life Assurance Company. Our tailored solutions, responsive underwriting and smart capital help you achieve your financing needs.Learn More
Real estate financing up to $100MM+
Astoria, NY $42,000,000
~84,000 SF Medical Office Acquisition & Construction
Knighthead provided a $42mm first mortgage loan to construct a 7-story, ~83,746 Gross SF medical office building located directly next to Mt. Sinai Hospital in Astoria, Queens. The property is ~65% pre leased to a credit medical tenant. The loan was underwritten to a ~65% “as-complete” value.
Morrisville, NC $57,250,000
~243,000 Sq. Ft. Office Acquisition & Adaptive reuse
Knighthead provided a $34mm first mortgage acquisition and adaptive re-use construction loan for the conversion of a former outlet mall to a Class A ~243,950 Sq. Ft. office space. The loan was underwritten at ~64% of cost and ~48% of as-stabilized value. Knighthead further modified its existing $34 million construction loan, which was originated in 2019, and upsized the loan to $57.25mm to provide additional capital to the borrower for tenant improvements and leasing commissions in connection with a long-term lease for the entire project. The tenant, Invitae Corp., is a biotech company involved with DNA sequencing.
Sarasota, FL $75,000,000
49 Unit Residential Condominium Construction
Knighthead provided a $75mm first mortgage construction loan for an 18-story high rise with 49 luxury residences over ground floor retail. The subject property will include 47 3-bedrooms and 2 4-bedroom penthouse units with units ranging from 3,625 SF to 5,982 SF and 3 floors of parking. The loan was underwritten at ~68% of cost and ~57% of sellout value.