Posts by Schelin Uldricks & Co.

RecapitalizationGuayaki Tea Corporate HeadquartersSebastopol, CA33,944 SF of Office & Warehouse Space Principals of Schelin Uldricks & Co. secured a $4.1MM permanent loan with no prepayment penalty on a single tenant property in Sebastopol, CA. The mixed use building served as the corporate headquarters for Guayaki Tea.

RecapitalizationLifestyle Retail & Industrial CenterNorth Bay, CA178,000 SF of Industrial & Retail Space Principals of Schelin Uldricks & Co. arranged a 10-year fixed rate non-recourse CMBS loan secured by a lifestyle retail & industrial project that encumbered 17 separate buildings on their own parcels. The financing included paying off 2 separate loans, carving out a…

RecapitalizationAddison Corporate CenterWindsor, CT605,000 SF of Office Space Principals of Schelin Uldricks & Co. recapitalized a of former Tenant-in-Common transaction with a $32MM non-recourse bridge loan and $10MM of preferred equity. The transaction included a discounted payoff of the former mortgage and a lease up of approximately 30% of space within the property.

RecapitalizationAustin Corporate CampusAustin, TX257,600 SF of Flex Office Space Principals of Schelin Uldricks & Co. arranged a $19.5MM non-recourse bridge loan to refinance and partially cash-out a previously completed all-equity transaction. The loan enabled the ownership group to extend key leases at the property and complete a remediation program.

AcquisitionSouth Park Boutique HotelLos Angeles, CA78 Keys Principals of Schelin Uldricks & Co. secured acquisition financing for a developer acquiring an SRO Hotel in downtown Los Angeles with plans to convert the property into a 78-key Boutique Hotel. The loan had a 5 year term with an aggressive step down on the prepayment terms to…

Acquisition91st & McDowellTolleson, AZ21 Acres of Land Principals of Schelin Uldricks & Co. arranged non-recourse land acquisition financing for a 21-acre parcel of unentitled land adjacent to the I-10 Freeway west of Phoenix. The business plan was to entitle the site for multiple commercial uses and sell off the entitled pads to builders. Preliminary plans…

RecapitalizationSonoma County RetailSonoma County, CA36,000 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a cash out 3-year loan for a retail property along highway 12 in Sonoma County, CA. The property was leased and stabilized at close.

RecapitalizationEast Bay R&D CampusEast Bay Area, CA300,000 SF of Office/R&D Space Principals of Schelin Uldricks & Co. recapitalized and restructured a legacy Tenant-in-Common transaction with a $39.475MM non-recourse bridge loan along with institutional preferred equity. The transaction included a rollup of the TIC structure, a new sponsor & guarantor, and plans to lease up approximately…

Recapitalization & DevelopmentWest Covina Self StorageWest Covina, CA60,000 SF of Storage Space Principals of Schelin Uldricks & Co. arranged construction financing for phase II of an industrial storage/condo project in West Covina, CA. Plans for the site called for 30 units.

Acquisition14th PlaceLos Angeles, CA0.2 acres of Land Principals of Schelin Uldricks & Co. arranged a small balance 80% LTC land acquisition loan priced at 6.5% for a local Los Angeles-based developer. The financing included an interest reserve and enabled the developer to acquire the site and process plans for a 50-unit micro (250-500 sf) efficiency…