Transactions

Knighthead provided a $16,000,000 first mortgage acquisition and rehab loan secured by a 200 unit multi-family property located in Statesboro, GA. The loan was underwritten to an ~56% “As-Stabilized” value.

Knighthead provided a $56,500,000 first mortgage construction loan for a 292-unit garden-style apartment community located in Port Charlotte, FL. The loan was underwritten to an ~61% “As-Stabilized” value.

Knighthead provided a $13.125mm first mortgage acquisition loan secured by a 5-story mixed-use property containing 37 residential units, over 4 retail units located in Berkeley, CA. The project is located two blocks (3-minute walk) from the University of California, Berkeley campus, in the Southside district, which is the highest pedestrian area of the UC Berkeley campus. The loan was underwritten to an ~57% “As-Stabilized” value.

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-Note) 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-Note) 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.