Rio Salado Business Park, Phoenix, AZ
A $3,563,000 first lien loan used for horizontal development of a 65-acre business park located one mile south of Sky Harbor Airport. Borrower drew on loan principal over a six-month construction period. The non-recourse, interest-only, three-year loan was paid off in fourteen months.
Coit Road, Dallas, TX
A $12,000,000 first lien loan used to repay an expiring first lien loan and to fund tenant improvements and leasing commissions on a 130,000 square foot call center being repurposed as a pre-leased data center. The non-recourse, interest-only, two-year loan was paid off in twelve months.
Parkway Lakes, Katy, TX
A $5,600,000 first lien loan used to refinance a 100 acre land parcel located just south of the Cinco Ranch. The land was being developed for commercial, retail, and residential uses. The non-recourse, interest-only, three–year loan was paid off in fifteen months.
Lawndale Shopping Center, Houston, TX
A $1,930,000 first lien loan used to purchase a 17,300 square foot retail center undergoing refurbishment and lease-up. The non-recourse, interest-only, two-year loan allows the borrower to draw additional funds for tenant improvements and leasing commissions during lease-up.
Southside Industrial Park, Atlanta, GA
A $2,300,000 preferred equity investment used to purchase a 191,200 square foot, two-building industrial park located near Hartsfield Airport and undergoing refurbishment and lease-up. The investment has a preferred return and a share of profits after a carried interest is paid to the seasoned sponsor.
Holding Bin LLC
A $20,000,000 discretionary fund investing in single-tenant, net leased properties located nationwide. The fund invests in a unique way to maximize current returns while minimizing interest rate risk and resale risk.