25th & Lamar
$26,500,000 Construction Loan
125-Unit Condominium Development
Highland arranged a $26,500,000 construction loan to fund the development of a 125-unit condo project in Austin, TX. The 75% LTC, non-recourse construction financing was placed with a private lender.
$11,250,000, Permanent Loan
46-unit, 174-bed luxury student housing
Highland arranged an $11,250,000, 60% LTV, 10-year CMBS permanent loan for the acquisition of a 46-unit, 174-bed luxury student housing complex adjacent to California State University, Chico.
Gardena Neighborhood Retail Center
$23,000,000 low leverage CMBS perm loan
128,000 sf Vons anchored neighborhood shopping center
Highland placed a $23,000,000 low leverage CMBS perm loan on a 128,000 sf Vons anchored neighborhood shopping center in the Gardena submarket of Los Angeles. The 10-year interest only loan provided significant cash out to the borrower.
Marriott TownPlace Suites
$11,690,000, 70% LTV, 10-year CMBS permanent loan
124-key TownePlace Suites by Marriott
Highland arranged an $11,690,000, 70% LTV, 10-year CMBS permanent loan to refinance construction debt and return some equity on a 124-key TownePlace Suites by Marriott in Laredo, TX.
Nine at Memphis
$7,000,000 preferred equity
113-unit recently built student housing
Highland placed $7,000,000 of preferred equity up to 85% LTC for the acquisition of a 113-unit recently built student housing asset adjacent to the University of Memphis. The preferred equity will serve as a placeholder until the Sponsor raises equity through a Delaware Statutory Trust (DST).
$66,500,000, 75% LTV, 2.5-year bridge loan
149,000 sf Whole Foods anchored shopping center
Highland placed a $66,500,000, 75% LTV, 2.5-year bridge loan to refinance, complete capital improvements, and fund remaining tenant improvement and leasing costs on a 149,000 sf Whole Foods anchored shopping center in the Tarzana submarket of Los Angeles.
Chateau Marina Apartments & Fiji Villas Apartments
$98,900,000, 10-year perm loan
Two luxury apartment projects totaling 500 units
Marina Del Rey, CA
Highland arranged a $98,900,000, 10-year perm loan to refinance two luxury apartment projects totaling roughly 500 units in the Marina Del Rey submarket of Los Angeles.
Bay Shore Mixed Use
$13,000,000, 75% LTC, 3-year bridge loan
2-story, 57,000 square foot mixed use property
Bay Shore, NY
Highland arranged a $13,000,000, 75% LTC, 3-year bridge loan to complete renovations on a 2-story, 57,000 square foot mixed use property in Bay Shore, NY, on the south shore of Long Island. Due to increased project scope and construction cost overruns, Sponsor was unable to complete ...
$14,560,000, 65% LTV, 10-year permanent loan
30,000 square foot creative office building
Los Angeles, CA
Highland arranged a $14,560,000, 65% LTV, 10-year permanent loan to refinance Exposition, a roughly 30,000 square foot creative office building in the Crenshaw submarket of central Los Angeles.
Sponsor purchased the asset in 2017, completed close to $3.0mm in capital ...
$15,000,000, 67% LTV, 10-year permanent loan
4-story, 128-key SpringHill Suites by Marriott
The Rim in San Antonio, TX
Highland arranged a $15,000,000, 67% LTV, 10-year permanent loan on a 4-story, 128-key SpringHill Suites by Marriott at The Rim in San Antonio, Texas. Sponsor developed the all-suite hotel in 2016 and intends to hold the asset long term. Proceeds were used to refinance
Walnut Creek Transit Village BART Parking Garage
$8,000,000 10-year mid-construction/permanent loan
914-stall five-story structured commuter parking garage
Walnut Creek, CA
Highland has successfully capitalized the privately-owned Walnut Creek Transit Village BART Parking Garage, a 914-stall five-story structured commuter parking garage development located at the Walnut Creek BART station. The ...
Laguna Reserve Marketplace
Joint-venture equity partnership
33,308 square foot unanchored neighborhood retail center
Elk Grove, CA
Highland has successfully arranged a 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 the anchor tenant on adjacent ...
48 East Avenue
$87.9MM non-recourse construction loan
249-unit, 30-story Condominium Project
Austin, TX - Rainey District
Highland arranged the $87.9MM non-recourse construction loan for the 30-story, Austin condo project with a private balance-sheet lender focused on creating long-term relationships by originating, servicing and asset managing long- and short-term fixed-rate commercial real estate ...
Willow Creek Apartments
$18,500,000 non-recourse cash-out refinancing
107-unit 1980’s- vintage apartment building
Poway (San Diego), CA
Highland arranged an $18,500,000 non-recourse cash-out refinancing for Willow Creek Apartments, a 107-unit 1980’s- vintage apartment building located in the San Diego submarket of Poway between off Interstate 15. Highland identified a lender that provided significant ...
The Westin Palo Alto
$83,000,000 cash-out, non-recourse permanent loan
184 Key Full-Service Luxury Hotel
Palo Alto, CA
Highland arranged the $83,000,000 cash-out, non-recourse permanent loan for The Westin Palo Alto, a 184 key full-service luxury hotel, a ground-leased asset exceptionally located steps from Downtown Palo Alto. On behalf of the Sponsor, Highland ran a competitive lender bidding process ...
$20,000,000 Land and Infrastructure Loan
Truckee Railyard - 38 Acres
Highland arranged the $20,000,000 Land and Infrastructure Loan to make the land ready for vertical construction. Site improvements include connecting utilities, relocating part of the railroad, building out parking, pathways, and streetscapes and building new roadways.
One of which will
El Norte Villas
$24,000,000 non-recourse cash-out refinancing
236 Unit Multi-family Property
Highland arranged a $24,000,000 non-recourse cash-out refinancing for El Norte Villas, a 236-unit 1980’s- vintage apartment building located in the San Diego submarket of Escondido between Interstate 15 and Highway 78. Highland identified a portfolio lender that provided significant cash-out up to ...
Park Royal Apartments
$21,000,000 non-recourse cash-out refinancing
73-unit 1950’s- vintage apartment building
San Mateo, CA
Highland arranged a $21,000,000 non-recourse cash-out refinancing for Park Royal Apartments, a 73-unit 1950’s- vintage apartment building located off El Camino Real in San Mateo. Highland identified a portfolio lender that provided significant cash-out up to 65% LTV for a 10 year ...
5th Street Public Market
$21,825,000 permanent loan
155,718 sf mixed-use retail, office, and hotel property
Eugene, ORHighland arranged a $21,825,000 permanent loan, sized to 73% LTV, fixed for 10 years featuring 3 years of IO. 5th Street Public Market is a highly successful and acclaimed mixed-use project in downtown Eugene, Oregon. Owned since 1976 by the Sponsor, there are more than 60 exciting ...
Luxury Apartment Portfolio
$46.1 million forward commitment for permanent financing
Portfolio of three luxury apartment projects comprised of 250 units
Beverly Hills, West Hills and Sherman Oaks, CA
$46.1 million forward commitment for permanent financing arranged through a national pension fund. The buildings were in lease up, having been recently constructed or renovated, and the borrower wished to ...
City Place Apartments
221-unit luxury apartment over 76,000 square feet of retail.
Downtown Long Beach, CA
The principals of HRC arranged the sale of this newly constructed "Class A" apartment project, during lease up, to an apartment REIT. The $44 million purchase price represented an approximate 5.8% cap rate on Year 1 proforma NOI.
Premiere At Thousand Oaks
148-unit luxury apartment project
$17 million construction loan coupled with $1.3 million in mezzanine debt
Thousand Oaks, CA
$17 million construction loan coupled with $1.3 million in mezzanine debt, comprising 90% of total project costs. The mezzanine was competitively priced at approximately LIBOR + 7% with no profit participation. This high leverage financing enabled the ...
Williams Business Park
$36,500,000 cash-out 3% 10 Year Fixed
240,000 sf light-industrial business park
San Carlos, CA
Highland arranged $36,500,000 to help its client recapitalize and minimize the debt cost of the 1960’s-vintage 239,000-square foot light-industrial business park that is exceptionally well located in San Carlos equidistant between El Camino Real and Hwy 101. Given the superb location, ...
Heather Ridge Apartments
$7,500,000 non-recourse cash-out refinancing
73-unit 1990’s- vintage apartment building
Highland arranged a $7,500,000 non-recourse cash-out refinancing for Heather Ridge Apartments, a 73-unit 1990’s- vintage apartment building located in the Sacramento submarket of Orangevale between Interstate 80 and Highway 50. Highland identified a lender that provided ...
310 7th Street
$6,500,000 cash-out refinance permanent loan
Historic office building
San Francisco, CA (SOMA Submarket)
Highland arranged a $6,500,000 cash-out refinance permanent loan for an owner-occupied historic office building, originally built in 1922. Highland identified a lender that provided significant cash-out, who was able to size the loan to 75% LTV and a 1.15x EBITDA/Coverage Ratio at a 10
$18 million of joint-venture equity and $26 million of construction debt
110-unit Apartment Development
West Oakland, CA
Highland Realty Capital is pleased to announce the successful capitalization of The Union, a 110-unit apartment development located in an opportunity zone adjacent to the West Oakland BART Station. Highland sourced $18 million of joint-venture equity and $26 million of ...
InterContinental The Clement Hotel
$59M Hotel Construction Loan +
$72.5M CMBS Take-Out Permanent Loan
208-room full-service hotel and 10,000 square feet of meeting space
The property was originally slated to carry a 4.5-star flag, but because of favorable capital markets feedback during the construction loan solicitation process, the Borrower decided to operate the property as an ...
$26.25M in development financing, including a $24M, 87% LTC construction loan
160 Bed Student Housing Development
Highland raises $26.25M in development financing, including a $24M, 87% LTC construction loan for The DEN, a 160-bed Berkeley student housing development.
The Mayfair Hotel
$38.0 million bridge loan
294-key boutique hotel
Los Angeles, CA
HRC negotiated a $38.0 million bridge loan to refinance and complete renovations on The Mayfair, a 294-key boutique hotel just outside of Downtown Los Angeles. Since purchasing the 13-story asset in 2012, Sponsor has completed over $31.0 million of capital improvements, including remodeling all 294 rooms, completing ...
$7,400,000 construction loan
Development of 8 Single Family Homes
Los Angeles, CA
HRC arranged a $7,400,000 construction loan for the development of 8 for sale single-family homes located in the Larchmont Village neighborhood in West Los Angeles, just 15 minutes from Downtown. Each home will consist of 3 bedrooms and 3.5 bathrooms, with a 2 car garage totaling 1,975 square feet. The ...
$11,100,000 bridge loan
31,000 square foot creative office building
Culver City, CA
HRC negotiated a $11,100,000 bridge loan for the renovation and repositioning of a 2-story, 31,000 square foot creative office building in Culver City, Los Angeles, immediately adjacent to Fox Hills Park. The property will be marketed to single-tenant users throughout the renovation period. Highland ...
Wolf Run Student Housing
$33,150,000 of joint venture equity and bridge financing
37-unit, 185-bed townhome style property
HRC arranged $33,150,000 of joint venture equity and bridge financing for the acquisition of Wolf Run Village and Wolf Run East at the University of Nevada, Reno. On behalf of a Newport Beach based client, Highland placed the JV equity with a well known student housing ...
6630 Sunset Boulevard
$13.1M Construction Loan
A six-story, mixed-use luxury development.
Financing:Highland Realty Capital is pleased to announce the successful capitalization of 6630 Sunset Blvd in Hollywood, CA. Client engaged HRC to arrange a $13.1mm construction loan for the development of a six story, 37,000 SF mixed-use project consisting of 40 luxury apartment units ...
$28.5M A+D & Construction Loan
7-story, 236 bed student housing complex three blocks from University of Texas West Campus
HRC arranged $28.5M of debt financing for the acquisition and development of Ruckus 2.0, a 66-unit student housing project expected to be delivered to market in the fall of 2019. This was Highland's second successful financing on behalf of the Sponsor in the