The sponsorship for 139-unit Bond Apartments in Redmond

Multifamily Lender Provides a Split Tranche Funding Structure

The sponsorship for 139-unit Bond Apartments in Redmond sought maximum loan proceeds during the recent purchase process. At the same time, it acquired a new asset at a desirable basis during its lease-up. COVID-19 slowed the leasing velocity and suppressed rental collections prior to closing which negatively impacted the loan sizing of conventional permanent lenders. …

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HRC Closes $85MM in 3 deals for Pref Equity, Perm and Bridge

Memphis Student Housing $7,000,000 Preferred Equity Highland placed $7MM of pref equity up to 85% LTC for a student housing acquisition.  The pref equity will serve as a placeholder until the Sponsor rases equity through a Delaware Statutory Trust (DST). Marriott TownePlace $11,700,000 Permanent Loan Highland placed an $11.7MM CMBS perm loan to acquire takeout …

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HRC Arranges $14.5MM Cash-Out Refi

Highland Realty Capital arranged an $14.56mm cash-out refinance on 3317-3325 Exposition Place, a 30,000sf creative office conversion leased to The RealReal. The CMBS execution resulted in a 10-year term, interest only structure at a 65% LTV and 8.1% debt yield. A venture between Lion Real Estate Group and The Borman Group acquired the property in …

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Highland Arranges over $16M in JV-Equity and Bridge Debt for Sacramento Land and Value-Add Acquisitions

San Francisco, CA  –  July 22, 2019 Laguna Reserve Marketplace – $2.4M Value-Add JV-Equity Financing Highland Realty Capital has arranged a $2.4M joint-venture equity partnership for the acquisition and value-add business plan of the Laguna Reserve Marketplace, a 33,308 square foot unanchored neighborhood retail center with the potential to develop for total retail square feet …

Highland Arranges over $16M in JV-Equity and Bridge Debt for Sacramento Land and Value-Add Acquisitions Read More »

Highland Realty Capital Goes out of State with $100MM of Financings

Springhill Suites $15,000,000 Permanent Loan Highland placed a 70% LTV, 10-year permanent loan with significant cash out to the borrower on a 2016 vintage, 128-key Springhill Suites by Marriott at The Rim in San Antonio. Cole center $19,100,000 Bridge Loan Highland placed a $19.1MM bridge loan to acquire and renovate Cole Center, a 1981 vintage, 155,000 …

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HRC Arranges Mid-Construction/Perm Loan for Walnut Creek BART Parking Garage

San Francisco, CA  –  May 22, 2019 Highland Realty Capital successfully capitalized the privately-owned Walnut Creek Transit Village Bay Area Rapid Transit (BART) Parking Garage, a 914-stall five-story structured commuter parking garage development located at the Walnut Creek BART Station. The leasehold Property is being built as the first phase of a fully-entitled multi-phase transit …

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