Transactions - Structured Finance

Pecos Gateway
Mesa, AZ
$10,800,000
Construction Financing
  • The Sponsor plans to construct three industrial buildings with over 125,000 square feet of divisible, for-lease space.

  • Each building will feature eighteen to twenty-three foot clear heights, grade-level loading and truck wells, and office space.

  • Located between Ellsworth Road and Sossaman Road, the 10.5 acre site is less than a mile from Williams Gateway Airport and offers excellent access to Highway 202.

  • The opportunity was sourced through Rich Harris of Newport Venture Capital.

Belmont Self Storage
Philadelphia, PA
$5,575,000
Self Storage Acquisition Refinancing
  • The property is a 720 unit self storage facility with over 79,000 square feet.

  • The property is designed with an interior drive lane, easing the burden of loading and unloading goods

  • The property is located near I-76, University of Pennsylvania, Drexel University, and the downtown area.

  • The opportunity was sourced through Buchanan Storage Capital's Newport Beach Office.

465 South Street
Morris Township, NJ
$17,000,000
Acquisition Financing
  • Built in 1989, the property is a multi-tenant office building with more than 138,000 square feet.

  • Adjacent to Interstates 287 and near Route 24 and Interstates 78, 80, and 280, the property benefits from immediate access to Morristown and the surrounding areas.

  • The Sponsor plans to improve signage at the property and lease the remaining space at market levels.

  • The financing was sourced through Bill Fielder of Ridgefield Financial. 

Southgate Plaza
Sacramento, CA
$48,100,000
Acquisition Financing
  • Southgate Plaza is a retail center which covers approximately 42 acres of land and has over 350,000 square feet of retail space.

  • Located at the southwest corner of Florin Road and Franklin Boulevard , the property is highly visible and heavily trafficked.

  • The Sponsor plans to construct an additional 6,500 square foot building and lease the available space at market levels.

  • The opportunity was sourced through John Manning of Highland Capital.

Mountainside Village Apartments
San Bernardino, CA
$25,500,000
Acquisition Financing
  • Located at 1660 Kendall Drive, the property has twenty-one, two story buildings and more than 164,000 square feet.

  • Built in 1989, the gated community has 197, two- and three-bedroom units with a private balcony or patio, central air conditioning, and spacious floor plans.

  • The Sponsor plans to make significant interior and exterior improvements and include the addition of a business and fitness center, along with garage parking.

  • The property is near I-215, I-15, I-10, and the San Bernardino Airport, providing access to the surrounding areas.

  • The opportunity was sourced through Allison Higgins of George Smith Partners.

1001 McKinney
Houston, TX
$42,100,000
Acquisition Financing
  • Located in the center of Houston's Central Business District, the property is a twenty-four story, historically designated office building with over 372,000 square feet.

  • Built in 1947, with renovations completed in 1999, the building has more than 340,000 square feet of office space, as well as retail and restaurant space at both ground and underground levels.

  • The property benefits from close proximity to Interstate 10, Interstate 45, and US Highway 59, as well as a METRORail station.

  • The opportunity was sourced through Susan Hill of Holliday Fegnolio Fowler.

Mira Vista Ranch
Lewisville, TX
$21,650,000
Acquisition Financing
  • Located at 350 Continental Drive, the property has 304 one-, two-, and three-bedroom units and over 295,000 square feet.

  • Each unit features a patio or balcony, cherry cabinets, granite countertops, GE appliances, and whirlpool tubs.

  • Property amenities include a swimming pool, hot tub, recreation room, and business center.

  • Formerly known as the Villas of Highpointe Apartments, the Sponsor plans to make upgrades to the common areas, while re-branding and marketing the property to attract new tenants and raise rents to market levels.

  • The opportunity was sourced through Paul Brighton of NorthMarq Capital.

226 Harvard Avenue
Allston, MA
$6,710,000
Construction Financing
  • The Sponsor plans to construct a three-story, mixed-use property with approximately 29,000 square feet of for-lease space.

  • The ground level area will have more than 8,000 square feet of retail space, divisible for multiple tenants.

  • Located within a dense retail corridor, the site offers excellent access to local thoroughfares, the Massachusetts turnpike, and mass transit trains and busses to downtown Boston and the surrounding areas.

  • The opportunity was sourced through Emanuel Westfried in Meridian Capital’s New York City office.

 

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