Transactions
Nationwide financing across all commercial real estate property types
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Knighthead provided a $36,000,000 loan to be used toward the refinance of a hotel built in 2017, which is currently undergoing a flag transition. The 214 key, 170,000 sq. ft. property was underwritten at approximately 59% of “as-is” value. The loan was closed in 25 days from receipt of executed term sheet.
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Knighthead provided an $11,000,000 loan to be used toward the acquisition and construction of an approx. 7,000 Sq. Ft. waterfront luxury residence, with southern exposure, on San Marino Island in Miami Beach. When complete, the property will be marketed for sale. The loan was underwritten to 64% of completion value.
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Knighthead provided an $11,000,000 loan to be used toward the acquisition and construction of an approx. 9,500 square fool waterfront luxury residence to be marketed for sale. The loan was underwritten to 61% of completion value.
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Knighthead provided a $10.0MM first mortgage to finance the construction of 28 townhomes known as the Condor in Denver, Colorado. The townhomes will range in size from 981 to 1,667 square feet, with a total buildable of 36,740 square feet. Each townhome will feature three levels with an attached single-car garage and rooftop space. The property is very well located on Tennyson Street in the Berkeley section of Denver.
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Knighthead provided a $8.5mm first mortgage refinance to complete the construction of a 104 key Holiday Inn.
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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.
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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.