Devon & Wilshire

Devon & Wilshire

Property: The $8,000,000 acquisition of a 14,370 sf land parcel located at the northeast corner of Devon Ave. and Wilshire Blvd., one block east of Beverly Glen on the Westwood Corridor. The business plan is to re-entitle the property from a 19-unit residential...
The Clearwater Condo-Hotel

The Clearwater Condo-Hotel

Property:An existing 151-room hotel, situated on 6 acres will be entitled for a 300+ unit condominium hotel with 30,000 sq. ft. of ground floor retail. Location: Mammoth Lakes, CA Financing: $16.5 million non-recourse bridge loan
Trump Tower at Beachwalk

Trump Tower at Beachwalk

Property:A 476-unit luxury condominium-hotel development Location: Waikiki Beach, Honolulu, HI Financing: $38.35 million, non-recourse acquisition and development land loan comprising 80% of total A&D costs.
Watermark Waikiki

Watermark Waikiki

Property: A 212-unit condominium development Location: Waikiki Beach, Honolulu, HI Financing: $10.0 million, non-recourse acquisition & development (A&D) loan. Lender also funded 50% of the predevelopment and entitlements.
The Redstones

The Redstones

Property:At closing, the property was a 9-acre site improved with 156,000 sq ft of class-B office (only 29% occupied). The Borrower plans to process entitlements for residential town homes. Location: Boulder, CO Financing: HRC arranged $11.4 million (75% loan-to-cost)...