Posts by Schelin Uldricks & Co.
$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…
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$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…
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$1,557,903
Common Equity
Recapitalization Addison Corporate Center Windsor, CT 605,000 SF of Office Space Principals of Schelin Uldricks & Co. raised $1,557,903 in common equity to assist a partnership in the modification of its existing financing and complete the contribution and conversion of the project’s equity into shares of a non-traded REIT.
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$10,000,000
Mezzanine Loan Sale
Dispostion Met Center 15 Austin, TX 257,600 SF of Office Space Principals of Schelin Uldricks & Co. assisted a private debt fund in the disposition of a $10MM mezzanine loan.
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$10,000,000
Mezzanine Loan
Recapitalization Progressive Corporate Campus Austin, TX 257,600 SF of Office Space Principals of Schelin Uldricks & Co. secured a $31MM senior loan and a $10MM mezzanine loan for a 2 Tenant Office Campus in Austin, TX. The refinance included a very attractive blended cost of capital, 2 years of interest only, and then a 30…
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$5,000,000
Preferred Equity
Acquisition Courtyard by Marriott Tampa, FL 128 Keys Principals of Schelin Uldricks & Co. raised $5MM of preferred equity and arranged an $11.9MM loan for the acquisition of a hotel that was to be syndicated in a Delaware Statuatory Trust. The preferred equity enabled the sponsor to close, after which they were to repay the…
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$6,000,000
Mezzanine Loan
Recapitalization UHC Western Regional Headquarters Las Vegas, NV 204,000 SF of Office Space Principals of Schelin Uldricks & Co. arranged $46,800,000 in senior financing and $6,000,000 in mezzanine financing to recapitalize the western regional headquarters of United Healthcare in Las Vegas, NV. The financing had a 5 year term with 2 years of IO.
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