Posts by Schelin Uldricks & Co.
$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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$46,800,000
Loan
Recapitalization United Healthcare 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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$2,100,000
Land Loan
Acquistion Mira 99 Tolleson, AZ 21 Acres of Land Principals of Schelin Uldricks & Co. secured a 62.5% LTV non-recourse land acquisition loan to acquire and flip 21 acres of land near the 10 freeway in Tolleson, Arizona. The loan included a land swap provision whereby the purchaser closed on the acquisition of 2 parcels…
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$15,000,000
Hotel
Construction Loan
Acquistion & Development Courtyard Winston Salem Winston Salem, NC 126 Keys Principals of Schelin Uldricks & Co. arranged a $15MM construction loan to acquire and complete a 126-key Courtyard by Marriott hotel in Winston Salem, NC. The project was 60% complete at close. The property was located in an Opportunity Zone and the financing enabled…
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$15,000,000
MultifamilyConstruction Loan
Recapitalization & Development 1980 Broadway Tempe, AZ 90 Multifamily Units Principals of Schelin Uldricks & Co. secured a $15MM non recourse construction loan to build a 90 unit apartment complex. Equity for the project was provided from an Opportunity Zone Fund.
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$1,200,000
Land Loan
Acquistion 119th East & West Avondale, AZ 19 Acres of Land Principals of Schelin Uldricks & Co. secured a $1.2MM non-recourse land acquistion loan for a 19 acre site in western Phoenix. The developer had plans to entitle the site for 200 townhomes.
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$14,000,000
Bridge Loan
Recapitalization Hampton Inn Plymouth, PA 136 Key Limited Service Hotel Principals of Schelin Uldricks & Co. secured a $14MM non-recourse bridge loan that was 75% LTV to refinance and de-lever a Hampton Inn. The loan priced at L + 400 and had a 3 + 1 + 1 term.
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$15,000,000
Construction Loan
Recapitalization & Development SpringHill Suites Avondale Avondale, AZ 128 Keys Principals of Schelin Downes & Co. arranged a 70% LTC non-recourse construction loan for the development of a 128-key limited service Springhill Suites by Marriott hotel in suburban Phoenix. Equity for the project was provided by an Opportunnity Zone Fund.
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