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 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.

Knighthead provided a $36,000,000 loan to be used toward the refinance of a hotel built in 2017, which is currently undergoing a flag transition. The 214 key, 170,000 sq. ft. property was underwritten at approximately 59%  of “as-is” value.  The loan was closed in 25 days from receipt of executed term sheet.

1st mortgage acquisition blanket loan secured by 2 commercial properties and a residential investment property. 

1st mortgage refinance secured by an approx. 179,846 Sq Ft 12-story office building.

1st mortgage loan to construct a 53,000 Sq Ft mixed-use property containing 46 residential units and ground floor retail