Posts by Schelin Uldricks & Co.
$3,000,000
Credit Facility
AcquistionSFR Rehab FacilityLos Angeles, CAMultiple SFR’s Principals of Schelin Uldricks & Co. arranged an 85% LTC revolving bridge facility for a Los Angeles based residential home fix & flip investor. The facility enabled the investor to close quickly on multiple homes throughout the Los Angeles market, and implement repositioning business plans thereafter.
Read More
$17,500,000
Bridge Loan
AcquisitionInglewood RedevelopmentInglewood, CA19 acres of land Principals of Schelin Uldricks & Co. arranged a $17.5MM bridge loan along with joint venture equity to acquire and entitle a 19-acre site in Inglewood, CA. At the time of close there was a vacant hospital on the property. The developer’s plans for the site were to obtain approvals…
Read More
$5,000,000
Bridge Loan
RecapitalizationThe Barlow Ph IIISebastopol, CA36,000 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a 5-year cash-out bridge loan encumbering a non-stabilized portion of a larger 215,000 SF lifestyle industrial and retail project in Sonoma County, CA. The financing provided some cash out to the developer as well as funding to continue improving…
Read More
$23,800,000
Permanent Loan
RecapitalizationThe Barlow Ph I & IISebastopol, CA175,000 SF of Retail & Industrial Space Principals of Schelin Uldricks & Co. arranged a 5-year non-recourse permanent loan on a lifestyle industrial and retail project in Sebastopol, CA that enabled the developer to repay a construction loan and take interest rate risk off the table for the near…
Read More
$9,910,000
Bridge Loan
Acquisition Anaheim Land Entitlement Anaheim, CA 4 acres of land planned for 350 Apartments Principals of Schelin Uldricks & Co. arranged a high leverage non-recourse bridge loan for a 4 acre site in Anaheim that was undergoing planning for 350 apartment units. The loan enabled the developer to take down the site with minimal equity…
Read More
$11,500,000
Permanent Loan
Recapitalization Mercado Plaza & Plaza Las Flores Palm Springs, CA 76,000 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a non-recourse permanent loan that was cross collateralized by two retail centers fronting Highway 111 in Palm Springs, Ca. The financing enabled the ownership group to obtain more favorable terms by combining the…
Read More
$23,500,000
Construction Loan
Recapitalization & DevelopmentSebastopol Industrial Park RedevelopmentSebastopol, CA215,000 SF Retail & Industrial Space Principals of Schelin Uldricks & Co. arranged a 70% LTC construction loan for a Lifestyle Industrial & Retail project anchored by 2 Wineries in Sebastopol, CA. The property was located approximately 55 miles north of San Francisco, and was challenging to finance given…
Read MoreMet Center 15
$47,684,143 Debt & Equity Placement 257,000 SF Office Campus Austin, TX Financing Details:$28,184,143 Equity Placement $19,500,000 Bridge Loan Transaction Overview: The owners of Met Center 15 were in a distressed situation and needed to recapitalize and restructure their project. The property had a foundation defect that needed to be remediated, and the ownership group had…
Read MoreBritannia Business Center 1
$65,800,000 Debt & Equity Placement 291,591 SF Office/R&D Campus Recapitalization Pleasanton, CA Financing Details: $47,500,000 Bridge Loan $13,000,000 Mezzanine Loan $5,300,000 Preferred Equity Investment Transaction Overview: The ownership group of Britannia Business Center 1 was seeking to refinance their property in order to source funds to complete tenant improvements and also payoff an existing equity partner.…
Read MoreThe Barlow
$98,620,000 Debt Placement 215,000 SF Lifestyle Retail & Industrial Development Sebastopol, CA Financing Details: $23,500,000 Construction Loan $23,800,000 Permanent Loan $5,000,000 Bridge Loan $8,820,000 Mini Perm Loan $37,500,000 Permanent Loan Transaction Overview: The property was originally an abandoned apple factory on the outskirts of Sebastopol, 55 miles north of San Francisco. The developer had planned…
Read More