PRESIDIO RESIDENTIAL CAPITAL AND COASTAL COMMUNITY BUILDERS ANNOUNCE THE OPENING OF TEMPLETON RANCH

TEMPLETON, CA–(Marketwired – May 22, 2017) – Presidio Residential Capital and Coastal Community Builders recently announced that Templeton Ranch, a 16.7-acre community offering 107 single-family homes located at 221 North Maine Street in Templeton, Calif., is now open. Interested homebuyers are invited to tour the recently completed model homes.

“The beautiful homes at Templeton Ranch accommodate families in every stage of life and offer easy access for commuters,” said Coastal Community Builders President Gary Grossman. “We don’t expect them to remain on the market for long.”

Templeton Ranch offers three-bedroom, two-plus bathroom, single- and two-story homes with two-car attached garages ranging in size from 1,263 to 2,312 square feet on lots ranging from 2,600 to 6,662 square feet. Six floor plans are offered in Craftsman, Spanish and Farmhouse styles, and Templeton Ranch includes five parks, riparian open space and a pedestrian trail on approximately two acres.

Once the last stop on the stagecoach trail to San Luis Obispo, Templeton is located in the heart of the Central Coast wine region and within easy access of the 101 freeway and the communities of Paso Robles, Atascadero and San Luis Obispo. It’s close to major employers such as Atascadero State Hospital, California Men’s Colony, San Luis Obispo County Unified School District and multiple agricultural and cattle ranches. Amtrak, Greyhound, area transit and airports are nearby, and the community has easy access to numerous wineries, Lake Naciemento, Lake San Antonio and Ravine Water Park. The beaches are 45 minutes away.

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HRC SECURES $6.5MM EQUITY & $12.5MM BRIDGE LOAN FOR MEDIA PRODUCTION STUDIO

Los Angeles, CA – March 11, 2016

HRC arranged for a portfolio lender to provide a non-recourse 65% LTC, 5-year, fixed rate bridge loan with a declining fixed prepay penalty which burns off after 3 years. The loan includes a future funding facility for future CapEx, TI’s and LC’s to renew the existing lease or reposition the property. The loan provides 3 years of I/O to accommodate low initial debt service cover due to below market rents.

The JV equity investment was made by a family office. The equity structure has a low preferred return hurdle to compensate for low initial cash-on-cash returns. The equity investor also provided credit enhancement on recourse carve outs.

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HRC SECURES $7.6MM BRIDGE LOAN FOR WAREHOUSE REPOSITIONING AND RENOVATION

HRC secured a $7,600,000 bridge loan for the repositioning and renovation of a 41,805 sf warehouse/distribution building into creative office space. The property is located just over the 4th Street Bridge from the Arts District and is perfectly positioned to convert into creative office space. The current rents are less than $1psf FSG with a projected rent of $1.75psf NNN post rehab which is a discount to the market in the Arts District of $2.75psf NNN.

The 3 year bridge loan was provided by a local bank at 70% LTC at a rate of 4.5%, interest only for 18 months. Due to the very low rents, the loan was structured with an interest reserve as the going-in DSC was less than 1.00.

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HRC SECURES EQUITY AND DEBT FINANCING FOR NAPA VALLEY HOTEL ACQUISITION

Los Angeles, CA – February 4, 2014

Highland Realty Capital, Inc. (“HRC”) arranged $42,500,000 in bridge financing and $4.5 million in equity for the acquisition of a 74-room boutique located on Hwy 29 in St. Helena, CA. The sponsor, Palmer City-Core Hotels (“PCCH”), a partnership between The Charlie Palmer Group and San Francisco based City-Core Development acquired The Harvest Inn at the end of January for an undisclosed amount.

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HRC SECURES $34,000,000 BRIDGE LOAN

Los Angeles, CA – December 16, 2013

Highland Realty Capital, Inc. (“HRC”) arranged $34,000,000 in bridge financing for the acquisition of a 2 building, 366,600 sf industrial property in Santa Ana, CA. The sponsor, Dyer 18, LLC acquired the property from a joint venture between Denver based Alliance Commercial Partners and Carval Investors.

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