Transactions
Nationwide financing across all commercial real estate property types
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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.
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Knighthead provided a $22.5mm first mortgage loan secured by 16 unsold condominium units. The Blvd is an 18 story luxury condominium building containing 49 units in the heart of downtown Sarasota, FL. The loan was underwritten to a ~58% “as-is” value.
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Knighthead provided a $27.3mm first mortgage loan to construct a 228 residential units. The loan was underwritten to a ~69% loan to as-stabilized value.
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Knighthead provided a $19mm first mortgage refinance loan for a newly-constructed age-restricted multi-family property. The loan was underwritten at a 64% loan to as-stabilized value.
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Knighthead provided a $26.5mm first mortgage loan to construct a 115 residential units. The loan was underwritten to a ~64% loan to as-complete value.
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Knighthead provided a $32.1mm first mortgage loan to construct a 182 age-restricted (55+) residential units. The loan was underwritten to a ~60% loan to stabilized value.
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Knighthead provided a $10.5mm first mortgage loan to construct a 5-story, 37 unit condominium building. The loan was underwritten to a ~59% to loan to value.
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Knighthead provided a $29mm first mortgage loan to construct a 74 unit residential building. The loan was underwritten to a ~69% loan to stabilized value.