News
Recent announcements and press
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Alpine Investments Secures $20 Million Construction Loan for LoHi Condos
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.
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Knighthead Funding Closes $15M Acquisition Loan for Industrial Buildings in Brooklyn
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.
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Knighthead Funding Provides $5.4mm Acquisition and Rehab Loan for Landmark Office Building in Red Bank, NJ
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.
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Knighthead Funding Provides $9.5MM Acquisition Loan for a Mobile Home Park in Fair Haven, MI
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.
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RBH Group Snags $28M in Financing for Downtown Newark Development Projects
The financing comprises a $25 million first mortgage land loan from Knighthead Funding, which will fund future development parcels in downtown Newark, and a $2.5 million second mortgage from Prudential Impact Investments Mortgage Loans specifically for 909 Broad Street, also in Newark.
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Knighthead Funding Provides $27MM Construction Loan for Mixed-Use Project in Forest Hills, NY
Knighthead Funding, LLC (“Knighthead”), the Greenwich, CT-based real estate finance company, announced that it has provided a $27 Million first mortgage construction loan to the developer of a seven-story, mixed-use apartment building located in Forest Hills, NY. The building will contain 46 apartments, ground floor retail and underground parking. The developer commenced construction shortly after the loan closed and completion is estimated to occur in 2018. The development will replace four existing structures, all of which had been used previously for commercial purposes.