Featured Transactions

Client Request

Prior to presenting the loan request to lenders we worked with the Sponsor and his team to


Situation/Challenges

  • Sponsor owned less than 90% of the units in the Property
  • Property is subject to a ground lease
  • Occupancy and operations were recently stabilized
  • Property located in Southeastern U.S.
 

Solution

  • Prior to presenting the loan request to lenders we worked with the Sponsor and his team to abstract the ground lease for easier consumption by lenders
  • Highlighted the value created by the Sponsor during their ownership of the asset
  • Did an extensive search to find a lender that was familiar with the particular market and property type