Posts by Schelin Uldricks & Co.

RecapitalizationSouth Loop Office PortfolioHouston, TX189,270 SF of Office Space Principals of Schelin Uldricks & Co. secured a 5 year, fixed rate non-recourse loan that was cross collateralized by two adjacent office buildings with “executive suite” type short term leases in Houston, TX. The properties were located in close proximity to Houston’s NRG Stadium.

RecapitalizationThe Oviatt SRO HotelLos Angeles, CA117 Keys Principals of Schelin Uldricks & Co. secured a 5-year cash out bridge loan for an SRO hotel next to Staples Center in downtown Los Angeles. The funding enabled the ownership group to pay back taxes, settle a partnership dispute, and continue the planning process to convert the property…

RecapitalizationMet Center 10Austin, TX345,600 SF of Medical Office Space Principals of Schelin Uldricks & Co. arranged a 10 year non-recourse fixed rate loan on a specialty-use office campus in Austin, TX. The financing recapitalized the property, and also enabled the ownership group to substitute a guarantor, roll up their Tenant-in-Common structure, and complete a foundation…

RecapitalizationBozeman RetailBozeman, MT200,000 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a competitively priced non-recourse bridge loan for a retail center in Bozeman, MT. At the time of close, the property had ongoing environmental remediation in progress and a vacant anchor space.

AcquisitionMammoth RetailMammoth Lakes, CA42,500 of Retail Space Principals of Schelin Uldricks & Co. arranged acquisition financing for a two-story retail center in Mammoth Lakes, CA. The buyer planned to lease up some vacant space on the ground floor and process plans with the city to convert the 2nd story into apartments.

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.

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…

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…

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…

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…