Transactions

Knighthead provided a $41.7mm acquisition mortgage loan secured by a newly built 142 Key AC Marriott located in Santa Rosa, CA. The loan was underwritten to a ~65% “as-stabilized” value.

Knighthead provided a $50mm first mortgage acquisition loan secured by 3 office buildings in West Palm Beach, FL. The loan was underwritten to an ~57% “as-stabilized” value.

Knighthead provided a $30,200,000 senior participation in a first mortgage construction loan to construct a 180room hotel to be branded a Tapestry by Hilton. The senior participation loan was underwritten to ~63% of cost and ~37% “as-stabilized” value.

Knighthead provided a $19mm mortgage acquisition loan secured by a newly built 152 key Tru by Hilton located in Dallas, TX. The loan was underwritten to a ~66% loan to “as-stabilized” value.

Knighthead provided a $35mm first mortgage portfolio financing secured by six investment properties in Palm Beach, FL. The loan was underwritten to a ~51% loan to “as-is” value.

Knighthead Funding provided a $59,500,000 first mortgage construction loan to construct ~229,100 SF, 209 units comprised of 200 residential condominiums and 9 retail/office condominiums. The loan was underwritten to an ~67% “as-complete” value.

Knighthead Funding provided a $33,000,000 first mortgage construction loan to construct ~111,200 SF, 78 unit residential condominiums. The loan was underwritten to an ~60% “as-complete” value.

Knighthead Funding provided an $9,000,000 first mortgage construction loan to construct a  ~6,500 SF single-family residence on a ~10,500 SF waterfront lot on Di Lido Island (Venetian Islands) in Miami Beach, FL. The loan was underwritten to ~55% “as-complete” value.

Knighthead provided a $20,900,000 first mortgage loan to construct an 8-story, ~51,200 SF, 115-unit multi-family property in Tacoma, WA. The loan was underwritten to a ~70% “as-complete” value.