Transactions

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.

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.

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.

Knighthead provided a $11.8mm first mortgage loan to construct a 6-story, ~38,000 SF mixed-use commercial building. The loan was underwritten to a ~58% loan to as complete value.

Knighthead provided a $30.5mm first mortgage acquisition and construction loan for the redevelopment of an exisiting property into a 27 key luxury boutique hotel with a restaurant and ground floor retail shops.  The loan was underwritten to ~57% Loan to Stabilized Value.

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.