Transactions

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.

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.

Knighthead provided a $19mm first mortgage refinance loan for a newly-constructed age-restricted multifamily property. The loan was underwritten at a 64% loan to as-stabilized value.

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.

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.