Transactions
Nationwide financing across all commercial real estate property types
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Knighthead Funding provided a $59,500,000 first mortgage construction loan to construct ~229,100 SF, 209 units comprised of 200 residential condominiums and 9 retail/office condominiums. The loan was underwritten to an ~67% “as-complete” value.
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Knighthead Funding provided a $33,000,000 first mortgage construction loan to construct ~111,200 SF, 78 unit residential condominiums. The loan was underwritten to an ~60% “as-complete” value.
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Knighthead Funding provided an $9,000,000 first mortgage construction loan to construct a ~6,500 SF single-family residence on a ~10,500 SF waterfront lot on Di Lido Island (Venetian Islands) in Miami Beach, FL. The loan was underwritten to ~55% “as-complete” value.
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Knighthead provided a $20,900,000 first mortgage loan to construct an 8-story, ~51,200 SF, 115-unit multi-family property in Tacoma, WA. The loan was underwritten to a ~70% “as-complete” value.
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Knighthead provided a $61mm first mortgage loan secured by the Ritz Carlton Reserve Hotel and Resort, Dorado Beach, Puerto Rico. The loan was underwritten to ~46% loan to value.
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Knighthead provided a $12mm first mortgage loan secured by a newly converted 88 unit luxury multifamily property in downtown St. Louis, MO. The loan was underwritten to ~75% loan to value.
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Knighthead provided a $10.175mm first mortgage loan secured by ~18 acre industrial site currently improved with multiple buildings totaling ~136,000 SF. The loan was underwritten to a ~57% “As-Complete” value.
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Knighthead provided a $14.5mm first mortgage acquisition secured by ~26,071 SF oceanfront residential lot. The loan was underwritten to a ~71% as-is value.
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Knighthead provided a $42mm first mortgage loan to construct a 7-story, ~83,746 Gross SF medical office building located directly next to Mt. Sinai Hospital in Astoria, Queens. The property is ~65% pre leased to a credit medical tenant. The loan was underwritten to a ~65% “as-complete” value.