Transactions

Knighthead Funding, LLC provided a $10,000,000 first mortgage to refinance the land and improvements located at 16 Gramercy Park South in New York, New York. The collateral is a five-story townhouse with a building area of approximately 19,031 SF. The Property is owned and occupied by a nonprofit corporation.  The location of the property is in the highly desirable Gramercy Park section of Manhattan.

Knighthead Funding provided a $2,000,000 first mortgage to finance the acquisition of a corporately-owned single-family investment property located at 50 Conant Rd in Weston, Massachusetts. The Property is a 6,537 square-foot luxury colonial home situated on a 5.42 acre lot. This Loan is the 2nd transaction closed with the Sponsorship. The Loan equals 57% of appraised value.

Knighthead provided a $6,600,000 adaptive re-use construction loan for the conversion of a former retail department store to a Class A 1,082 unit self-storage facility.

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

Knighthead Funding provided a $7,100,000 refinance and construction loan secured by a first mortgage on 805 Ninth Avenue, Manhattan, NY.  The property is a six-story mixed-use building with five residential condominiums and a grade-level retail unit. The building will total 10,455 sellable SF (12,465 Gross SF). Knighthead’s Loan refinanced a maturing bank construction loan and provided completion dollars to finish the project which was approximately 62% complete at closing.

1st mortgage acquisition loan secured by a 6 story, 54 unit multi-family property 

1st mortgage financing secured by a waterfront residential investment property. 

1st mortgage financing secured by 2 corporately owned condominium units on Park Avenue in the Upper East Side section of Manhattan.