News

Cayuga Capital Management is turning an empty Brooklyn warehouse into a 46,000-square-foot indoor rock climbing and fitness center.  Knighthead Funding provided $22 million in short-term debt to fund the conversion of the property.

KH Funding CA, LLC, an affiliate of Connecticut-based Knighthead Funding, LLC, a newly licensed lender in California, has originated its first three loans in the state totaling $13.85 million.

Knighthead Funding originated a $36 million loan to refinancing Kimpton Overland Hotel. Adjacent to Hartsfield-Jackson International Airport, the asset opened in 2017.

Greenwich, CT-based Knighthead Funding has originated a $10 million non-recourse loan for the construction of a Denver townhouse development.

When completed in 2019, the Holiday Inn & Suites in Pooler, Ga., will feature 104 guest rooms, an outdoor pool, fitness center and business center.