Transactions

Knighthead provided a $14.36mm first mortgage for the acquisition and construction of 72 townhomes in Roselle, IL. All units will be a 2 bedroom/2 bathroom including an in-unit washer/dryer and will average ~1,400 SF.  This loan was underwritten to 76% of cost and 66% of as complete value.

Knighthead provided a $15,000,000 loan to be used toward the acquisition of a vacant 94,815 +/- Sq. Ft. industrial building situated on a 4.76 +/- acres site.  The loan was underwritten at approximately 48%  of “as-is” value.  The loan was closed in 22 business days from receipt of executed term sheet.

Knighthead provided a $36,000,000 loan to be used toward the refinance of a hotel built in 2017, which is currently undergoing a flag transition. The 214 key, 170,000 sq. ft. property was underwritten at approximately 59%  of “as-is” value.  The loan was closed in 25 days from receipt of executed term sheet.

Knighthead provided an $11,000,000 loan to be used toward the acquisition and construction of an approx. 7,000 Sq. Ft. waterfront luxury residence, with southern exposure, on San Marino Island in Miami Beach.  When complete, the property will be marketed for sale.  The loan was underwritten to 64% of completion value.

Knighthead provided an $11,000,000 loan to be used toward the acquisition and construction of an approx. 9,500 square fool waterfront luxury residence to be marketed for sale.  The loan was underwritten to 61% of completion value.

Knighthead provided a $10.0MM first mortgage to finance the construction of 28 townhomes known as the Condor in Denver, Colorado. The townhomes will range in size from 981 to 1,667 square feet, with a total buildable of 36,740 square feet. Each townhome will feature three levels with an attached single-car garage and rooftop space. The property is very well located on Tennyson Street in the Berkeley section of Denver.

Knighthead provided a $8.5mm first mortgage refinance to complete the construction of a 104 key Holiday Inn.