Featured Transactions

Client Request

Non-Recourse bridge loan for a 14-level Class-A parking structure controlled via ground-lease in Downtown Los Angeles.


Situation/Challenges

  • Request was for maximum loan proceeds with a non-recourse lender to pay off existing debt and capitalize costs associated with pre-development for additional revenue streams
  • Quick closing time frame of 35 days
  • Property controlled via ground lease
  • Limited universe of lenders that offer non-recourse financing for parking structures

Solution

  • Identified a non-recourse lender with the ability to close within 35 days
  • Performed a comprehensive market and property tour for the lender
  • Sponsor’s proven track record in renovating and development of over 25 million square feed provided lender with support and Sponsor's ability to execute