Office
Baltimore, MD
We originated a $3.5 million acquisition bridge loan secured by a 190,000 square foot office building built in 1891 and located in Baltimore, Maryland. The loan enabled the borrower to purchase a defaulted loan at a discount.
Properties
Multi-Family
Austin and Dallas, TX
We originated an $11.59 million 1st mortgage loan secured by two apartment complexes in Austin and Dallas, Texas containing a total of 276 units and 242,326 square feet. The portion of the loan allocated to the Dallas asset refinanced an existing 1st mortgage and provided excess proceeds which, when combined with the portion of the loan allocated to the Austin asset, facilitated a discounted payoff of the existing debt on the Austin asset which was very advantageous to the borrower.
Industrial
Webberville, MI
We originated a 1st mortgage loan secured by a 76,000 square foot industrial building in Webberville, MI. The Borrower was in the process of evicting the tenant, who was the former owner, and re-leasing the space.
Office
Naperville, IL
Office – Together with a general partner, we purchased a $23.5 million non-performing loan from a major insurance company, secured by a 200,000+ square foot, 70% leased, Class-A office building in Naperville, Illinois.
Multi-family CMBS Bond Purchase
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Together with a general partner, we purchased a $285 million controlling class interest in a commercial mortgage backed security, acquired from a government entity, and secured by 251 most performing (88%) multifamily and mobile home park loans (11,474 units) spread over 41 states.