Transactions
Nationwide financing across all commercial real estate property types
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Knighthead provided a $10.0MM first mortgage to finance the construction of 28 townhomes known as the Condor in Denver, Colorado. The townhomes will range in size from 981 to 1,667 square feet, with a total buildable of 36,740 square feet. Each townhome will feature three levels with an attached single-car garage and rooftop space. The property is very well located on Tennyson Street in the Berkeley section of Denver.
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Knighthead provided a $8.5mm first mortgage refinance to complete the construction of a 104 key Holiday Inn.
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Knighthead Funding, LLC provided a $10,000,000 first mortgage to refinance the land and improvements located at 16 Gramercy Park South in New York, New York. The collateral is a five-story townhouse with a building area of approximately 19,031 SF. The Property is owned and occupied by a nonprofit corporation. The location of the property is in the highly desirable Gramercy Park section of Manhattan.
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Knighthead Funding provided a $2,000,000 first mortgage to finance the acquisition of a corporately-owned single-family investment property located at 50 Conant Rd in Weston, Massachusetts. The Property is a 6,537 square-foot luxury colonial home situated on a 5.42 acre lot. This Loan is the 2nd transaction closed with the Sponsorship. The Loan equals 57% of appraised value.
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Knighthead provided a $6,600,000 adaptive re-use construction loan for the conversion of a former retail department store to a Class A 1,082 unit self-storage facility.
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1st mortgage acquisition blanket loan secured by 2 commercial properties and a residential investment property.
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Knighthead Funding provided a $7,100,000 refinance and construction loan secured by a first mortgage on 805 Ninth Avenue, Manhattan, NY. The property is a six-story mixed-use building with five residential condominiums and a grade-level retail unit. The building will total 10,455 sellable SF (12,465 Gross SF). Knighthead’s Loan refinanced a maturing bank construction loan and provided completion dollars to finish the project which was approximately 62% complete at closing.