News

Learn the ropes of construction and vacant-property deals before jumping into the ring

Private real estate lender Knighthead Funding has provided Denver, CO-based real estate investment and development firm Alpine Investments with a $20 million construction loan for Edge LoHi, the first new condominium development in Denver’s Lower Highland’s (LoHi) submarket in nearly a decade.

DENVER — Private real estate lender Knighthead Funding, LLC has provided Denver-based real estate investment and development firm Alpine Investments with a $20 million construction loan for Edge LoHi, the first new condominium development in Denver’s Lower Highland’s (LoHi) submarket in nearly a decade.

NEW YORK CITY — Knighthead Funding has closed a $15 million first mortgage acquisition loan for three industrial buildings in the East Williamsburg section of Brooklyn. The borrower was not disclosed. The property has an existing as of right to build a residential development containing approximately 103,500 square feet. The property was acquired for $28 million.

Knighthead Funding, LLC (“Knighthead”), the Greenwich, CT-based real estate finance company, announced that it has provided a $5.4 Million first mortgage acquisition and rehab loan secured by a three-story office building in downtown Red Bank, NJ containing approximately 25,000 square feet.

Knighthead Funding, LLC (“Knighthead”), the Greenwich, CT-based real estate finance company, announced that it has provided a $9.5 Million first mortgage acquisition bridge loan secured by a 1,358-pad mobile home park located in Fair Haven, MI.