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Financing
News > Structured Financings
Structured
Financings
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Airport
Plaza
Palm Springs, California
- $7,308,000 Refinance
- No appraisal
required
- No good faith
deposit
- No commitment
fee
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Edgewater
Resort
- $4,000,000
- 1 year loan
term
- Private lender
- Fixed Rate
- Long Term
Ground Lease
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North
Valley Plaza
Chico, California
- $24,000,000
- 37.4 acre
shopping center
- Purchase financing
- Fixed Rate
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Old Town
Pasadena, LLC
- $45,000,000
- Grace Capital
structured a new joint venture to acquire and develop the property.
- Site capable
of developing up to 850 units as well as building retail space
and a parking garage.
- Land uniquely
located to create an "urban village" design to complement
it's location adjacent to Old Town Pasadena.
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Mission Beach Townhomes
San Diego, California
- $6,392,250 Construction
loan
- $1,450,000 Mezzanine
loan
- 22 Unit Apartment
Building will be razed for the construction of 13 “for
sale” Townhomes with anticipated sales price of $625 per
s.f.
- Loan funded prior
to having all local and coastal commission approvals
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Vacant
Kmart
Aliso Viejo, California
- $41,500,000
- Acquisition & Development
Financing
- 185,000 s.f.
Vacant Kmart Building
- Kmart closed
the store as part of their reorganization in 2003
- Developer
entered into 60-day escrow with no tenant lease in place
- Grace Capital
structured bank financing for 93% of the cost to acquire and
develop
- No equity
and no profit participation was required
- Developer
negotiated a signed lease before close
- 145,000 s.f.
Lowe’s Home Improvement Store will open 2004
- Closed August
2003
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Coldstone
Creamery Bldg.
Aliso Viejo, California
- $5,500,000
- Interim Loan
on nearly completed 2-story 25,000 square foot office over retail
building
- $2,900,000
cash-out
- 50% pre-leased
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Vacant
Applebees
Aliso Viejo, California
- $1,750,000
- Acquisition
of vacant Applebee’s Restaurant
- 5,500 s.f.
- Closed within
30 days of application
- No appraisal
required
- 71% loan to
acquisition cost
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Airport Plaza
Palm Springs, California
- $5,900,000
- Restructure
Financing with Cash Out
- 23 Acre Site
- 7 Improved
Commercial Lots for Development 1 Lot Improved with Service Station
- No appraisal
required, no good faith deposit, and no commitment fee
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Euclid Office
Building
Anaheim, California
- $4,515,000
- Purchase & Renovation
Financing
- 62,000 s.f.
Office Building
- 100% Vacant
Building. No Pre-Leasing
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Goddard
Business Center
Irvine, California
- $12,000,000
- Acquisition, Equity & Construction
Financing
- 110,000 s.f. Industrial
Building
- Speculative with
limited Pre-Sales
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Covina
Technology Center
Covina, California
- $11,400,000
- Acquisition, Equity & Construction
Financing
- 158,000 s.f. R&D
Building
- No Pre-Leasing; 100%
Speculative
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The Laurels at PGA West
La Quinta, California
- $1,102,500 Debt & Equity
- Debt:
Bank Construction Loan
- Equity: Private Mezzanine
Junior Loan
- 31 Residential Lot
Development
- Part of the 2,100
Acre PGA West Master Planned Golf Community
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Maui Court
Condo
Kihei, Maui, Hawaii
- $750,000
- Acquisition
Financing
- 12 Condo Units
of a larger Project
- Closed in
10 Working Days
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The Learning
Tree School
Palm Desert, California
- $900,000
- Cash Out
Loan
- 5 Year Term
- Special Purpose
Property
- Borrower had
Many Credit Issues
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