Sourced the equity and advised on the debt for a 68 unit, for-sale townhome development in suburban Chicago. The equity partner funded 80% of the required equity. The advance rate on the loan was 75% of the infrastructure and 100% of building costs.
Sourced a non-recourse floating rate loan for the acquisition of 4 limited service hotels totaling 440 rooms in Alabama. The debt represented 71% of the total transaction costs.
JV Equity Transaction
Sourced the joint venture equity for the acquisition of a 118 room TownePlace Suites in suburban Dallas.
Sourced a credit facility for a finance company that provides financing to rehabbers of single family homes. The interest rate is 7%.
Sourced the capital to fund the acquisition of a 28 unit portfolio of Perkins Restaurants in PA and OH.
Sourced a loan to refinance a 119 key hotel in Tampa, FL on behalf of a private investor. The rate is fixed at 224 basis points spread over the 10 yr swap rate. The LTV is 80% with a 30 year amortization.