Transactions

Knighthead provided a $17mm first mortgage refinance loan secured by a 2.68 acre site entitled for the development of 625 residential units in Jefferson Park neighborhood of Denver, CO. The loan was underwritten to a ~63% loan to value.

Knighthead provided a $10.8mm first mortgage acquisition and rehab loan secured by 2 Multi-Family properties containing a total of 118 units in the Midtown section of Detroit, MI. The loan was underwritten to a ~67% stabilized value.

Knighthead provided a $9.2mm first mortgage acquisition loan for ~15,373 SF, 3-story boutique office building. The loan was underwritten at 53% at as-stabilized value.

Knighthead provided a $17.5mm acquisition first mortgage loan secured by a portfolio of 12 office/industrial/flex buildings in the Design District of Dallas, TX. The loan was underwritten to ~65% stabilized value.

Knighthead provided a $17.7mm first mortgage loan to complete a 4-story, 78 unit lake-view multifamily building in Traverse City, MI. The loan was underwritten to ~70% stabilized value.

Knighthead provided a $19.1mm senior loan secured by 156 residential unsold sponsor Co-operative units. The loan was underwritten at ~57% loan to value.

Knighthead provided $14.25mm first mortgage loan to be used towards the refinance and construction of a 59 unit building with a total of ~63,209 salable SF on 2.2 acre site. The loan was underwritten to ~68% of completion value.

Knighthead provided a $12.5mm first mortgage secured by 2 multifamily properties in Cambridge, MA containing 41 units.  The loan was underwritten at 61% LTV.

Knighthead provided a $25.25mm first mortgage loan to complete a 7-story, 178 unit multifamily building in the Roosevelt section of Seattle. The loan was underwritten to ~66% of stabilized value.