Posts by Schelin Uldricks & Co.
Met 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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$5,000,000
Preferred Equity
Acquistion Sunlit Gardens Rancho Cucamonga, CA 100 Beds Principals of Schelin Uldricks & Co. raised $5MM of preferred equity to acquire an assisted living and memory care property in Rancho Cucamonga, Ca. The sponsor of the acquisition planned to syndicate the property into a DST. The equity enabled the sponsor to acquire the property and…
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$7,314,856
Preferred Equity
Recapitalization615 Pigeon Hill RoadHartford MSA, CT 588,445 SF of Office Space Principals of Schelin Uldricks & Co. raised $7.3MM of preferred equity to effectuate a partnership buyout in a Connecticut office building. The proceeds enabled the remaining partners to continue executing their business plan to stabilize the property.
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