Transactions

Knighthead provided a $24.25mm first mortgage acquisition loan secured by an ~130,000 SF industrial property with two digital billboards located in Chicago, IL. The loan was underwritten to ~70% “As-Is” value.

Knighthead provided a $57.1mm senior mortgage participation in an $85.022mm first mortgage loan secured by 104 condominium units in a newly-constructed luxury condominium in downtown Boston, MA. The loan was underwritten to an ~51% loan to value.

Knighthead acquired a $50mm senior participation interest (A-piece) in a $102.2mm First Mortgage loan.  The loan is secured by 3 hotels containing 834 keys in Minneapolis, MN and Cleveland, OH. The senior participation was underwritten to an ~30% LTV of Appraised Value.

Knighthead provided a $28,500,000 first mortgage acquisition & construction loan to construct a 4-story, multi-family property containing a total of 128 units. The loan was underwritten to an ~60% LTV.

Knighthead provided a $16mm first mortgage acquisition loan secured by 149-Unit Multi-Family property located in Myrtle Beach, SC. The loan was underwritten to ~56% “As-Stabilized” Value.

Knighthead acquired a $32.9mm senior participation interest (A-piece) in a $47mm First Mortgage loan.  The loan is secured by ~15.5 acres of land containing ~274,945 SF of retail and subject to 2 NNN ground leases located in Santa Barbara, CA. The senior participation was underwritten to an ~35% “As-is” Value.

Knighthead provided a $43.65mm senior participation interest secured by a newly constructed ~1.04mm SF industrial facility located in Adairsville, GA.  The property is currently nearing completion and is ~71% complete. Our senior participation loan was underwritten to ~40% “As-Stabilized” value.

Knighthead provided an $8mm first mortgage refinance loan secured by a newly constructed 28-unit multi-family building located in La Mirada, CA. The loan was underwritten to an ~62% “As-Is” Value.

Knighthead provided a $14,500,000 first mortgage refinance loan secured by a newly-completed 54-unit multi-family building located in Los Angeles, CA. The loan was underwritten to ~58% “As-Stabilized” value.