Transactions

Knighthead provided a $24,750,000 first mortgage loan secured by two retail properties at the base of Heavenly Village Ski Resort in South Lake Tahoe, CA. The loan was underwritten to an ~75% loan to value.

Knighthead provided a $8,550,000 first mortgage refinance loan secured by a 36 unit multi-family with retail space in Overlook section of North Portland, OR. The loan was underwritten to an ~75% “as-is” value.

Knighthead provided a $10.9mm first mortgage loan secured by 31 condominium units (totaling ~33,000 SF) on a newly-construction luxury condominium in downtown Pittsburgh, PA. The loan was underwritten to an ~63% loan to value.

Knighthead provided a $34.5mm first mortgage construction loan to construct 124 units. The loan was underwritten to an ~69% “as-complete” value.

Knighthead provided a $9.945mm first mortgage acquisition loan secured by a 15-story office building and a 2 story commercial buildings to be converted into a multi-family, office and retail project and an ~72,210 SF garage in Tacoma, WA. The loan was underwritten to an ~65%  loan to value.

Knighthead provided a $21.5mm first mortgage loan secured by Class A, ~125,800 SF Office Building on a ~1.32 acre site in Colorado Springs, CO. The loan was underwritten to a ~55% “as-stabilized” value.

Knighthead provided a $41.7mm acquisition mortgage loan secured by a newly built 142 Key AC Marriott located in Santa Rosa, CA. The loan was underwritten to a ~65% “as-stabilized” value.

Knighthead provided a $50mm first mortgage acquisition loan secured by 3 office buildings in West Palm Beach, FL. The loan was underwritten to an ~57% “as-stabilized” value.

Knighthead provided a $30,200,000 senior participation in a first mortgage construction loan to construct a 180room hotel to be branded a Tapestry by Hilton. The senior participation loan was underwritten to ~63% of cost and ~37% “as-stabilized” value.