DEBT & WORKOUT TRANSACTIONS*
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Georgia (Atlanta): 100 Unit Multifamily Apartment Building: Relief on Interest Rate Cap requirements and interest carry reserves, together with a loan extension ($20,000,000 loan).
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Indianapolis (Indiana): 800+ Unit Multifamily Apartment Building: Use of reserves to pay debt service, cure of loan default and waiver of financial covenant test ($27,000,000 loan).
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Georgia (Atlanta): 500+ Unit Multifamily Apartment Building: Deferral of interest rate spread, relief on loan principal and required reserves. Relief on Interest Rate Cap requirement and required interest carry reserves, ($82,000,000 loan).
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Florida (Tampa): Shopping Center - Avoided foreclosure of center, loan modification to allow borrower to use reserves to keep loan current and waiver of financial covenants ($7,200,000 loan).
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Texas (San Antonio & Irving): Industrial Portfolio - Loan Modification and Collateral Release ($49,000,000 loan).
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Texas (Houston, Katy & Spring): 6-Property Class A Multi-Family Portfolio - Loan Restructure, Guarantor Release & Management Replacement ($141,000,000 loan).
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Texas (San Antonio): 3-Property Multi-Family Portfolio - Loan Restructure, Guarantor Release & Management Replacement ($83,000,000 loan).
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Texas (Euless): Class A Multi-Family Property, Management Replacement.
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Maryland (Jessup, Frederick, Hanover): Industrial Portfolio - Loan Modification and Collateral Release ($85,000,000 loan).
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Tennessee (Cordova): Class A Multi-Family Property – Loan Restructure, Guarantor Release & Management Replacement ($25,000,000 loan).
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California (San Diego & Irvine): Industrial Portfolio - Loan Modification and Collateral Release ($15,700,000 loan).
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Texas (Fort Worth): Class A Multi-Family Property – Loan Restructure, Guarantor Release & Management Replacement ($30,000,000 loan).
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Texas (Pasadena): Mixed-Use Property, Maturity Extension
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Texas (Plano): Mixed-Use Property, Maturity Extension
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Texas (Pearland): Mixed-Use Property, Maturity Extension
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California (Hollywood): Office Complex, Restructure and Sale ($120,000,000 loan).
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California (Irvine): Hotel acquisition, franchise and loan restructure/modification
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California (Palo Alto): Hotel acquisition, franchise and loan restructure/modification
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Representative List of Other Loan Workouts
* The Investments shown on this website reflect current and sold investments by the founding principals, including through other entities and companies for which the principals worked.