$16,140,000 | CIP Real Estate

Property: Whitehall Technology Center Location: Charlotte, NC Description: Two class A office/flex buildings totaling 204,800 square feet located in a 700-acre master-planned business park. Loan Type: Bridge Acquisition Loan Lender: Money Center Bank Client Benefits: Non-Recourse bank loan to limit sponsor’s risk Low LIBOR floating rate to maximize cash flow Interest only during full term to[…]

$34,000,000 | Catalyst Storage Investors

Property: West Coast Self Storage Portfolio Location: Costa Mesa, San Pedro, and Santa Clara, CA & Vancouver, WA Description: 5 recently constructed, institutional quality facilities totaling 252,352 square feet. Loan Type: Refinance Loan Lender: Life Insurance Company Client Benefits: Future earn out structured so ownership could capitalize on improvements in cash flow 5 years of[…]

$8,490,000 | Terrapin Investments

Property: Petaluma Self Storage Development Location: Petaluma, CA Description: Development of an approximate 657 unit, 78,000 square foot, state of the art storage facility consisting of one, three story building and one, single story building located on a 1.8 acre land parcel adjacent to Highway 101 freeway in Petaluma, CA. Loan Type: Construction Lender: National[…]

$8,467,000 | The Bascom Group

Property: Pebble Cove Apartments Location: Las Vegas, NV Description: 90-unit, garden style, apartment property featuring one, two, and three bedroom units within eight buildings on a 4.13-acre site. Loan Type: Bridge Acquisition Loan Lender: Regional Bank Client Benefits: Higher leverage loan against total project costs Low LIBOR floating rate to maximize cash flow 30 months of[…]