Posts by Schelin Uldricks & Co.
$3,200,000
Preferred Equity
Acquisition Rosewood Specialty Care Hillsboro, OR 48 Beds Principals of Schelin Uldricks & Co. arranged $3.2MM of preferred equity for an investment company to acquire a 48 bed memory care facility in Hillsboro, OR. The transaction was structured as a Delaware Statuatory Trust and the Preferred Equity enabled the investment company to bridge the closing.…
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$10,000,000
Preferred Equity
Recapitalization 176 Addison Road Windsor, CT 605,000 SF of Office Space Principals of Schelin Uldricks & Co. recapitalized a of former Tenant-in-Common transaction with $10MM of preferred equity along with a $32MM bridge loan. The transaction included a discounted payoff of the former mortgage and a lease up of approximately 30% of space within the…
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$28,184,143
Preferred Equity
Recapitalization Met Center 15 Austin, TX 257,600 SF of Office Space Principals of Schelin Uldricks & Co. recapitalized a two-tenant office building leased to Progressive Insurance and Waste Management in Austin, TX. The transaction included a rollup of a tenant-in-common ownership structure, a new guarantor and sponsor, and ongoing structural & foundation remediation. The financing…
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$13,200,000
Preferred Equity
Recapitalization Britannia Business Center I Pleasanton, CA 300,000 SF of Office/R&D Space Principals of Schelin Uldricks & Co. recapitalized and restructured a legacy Tenant-in-Common transaction with a non-recourse bridge loan along with $13.2MM of institutional preferred equity. The transaction included a rollup of the TIC structure, a new sponsor & guarantor, and plans to lease…
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$5,000,000
JV Equity
Acquisition Grace Park Inglewood, CA 19 acres of land Principals of Schelin Uldricks & Co. arranged $5MM in joint venture equity along with a bridge loan 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…
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$31,000,000
Loan
Recapitalization Met Center 15 Austin, TX 257,600 SF of Office Space Principals of Schelin Uldricks & Co. secured a $31MM senior loan and $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 year…
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$41,000,000
Bridge Loan
Recapitalization 7551 Metro Center Austin, TX 325,354 SF of Office Space Principals of Schelin Uldricks & Co. secured a $41MM bridge loan to refinance a 325k SF office campus in Austin, TX. The transaction enabled the owners to buy out 80% of the equity in a partnership dispute. The loan was non recourse and priced…
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$27,300,000
Loan
Recapitalization Satellite Office Campus Duluth, GA 287,816 SF of Office Space Principals of Schelin Uldricks & Co. secured $27.3MM in financing for a portfolio of 4 flex office buildings that were previously encumbered by 2 separate loans. The transaction was a refinance with cash out that included one loan covering all 4 buildings. Payoffs of…
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$11,900,000
Loan
Acquisition Courtyard Citrus Park Citrus Park, FL 128 Keys Principals of Schelin Uldricks & Co. arranged an $11.9MM loan for the acquisition of a hotel that was to be syndicated in a Delaware Statutory Trust. The financing was fixed for 10 years with 2 years of interest only. Principals of Schelin Uldricks & Co. also…
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$9,400,000
Loan
Acquisition 4800 North Point Parkway Alpharetta, GA 75,305 SF of Office Space Principals of Schelin Uldricks & Co. secured a $9.4MM non recourse loan that was fixed for 10 years at 3.53% interest. The loan amortized over a 30 year schedule with 1 year of interest only.
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