Posts by Schelin Uldricks & Co.

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.

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.

Acquistion Fairway Townhomes & Pivotal/Dixileta Avondale & Peoria, AZ 26.03 Acres of Land Principals of Schelin Uldricks & Co. arranged a $1.87MM land loan cross collateralized by 2 projects totaling 26.03 acres. One project was planned for the development of 161 townhomes in Avondale, AZ, and the other was planned for the development of 62k…

Acquisition Avondale 11 & Villa De Paz Multifamily Avondale & Phoenix, AZ 20.6 Acres of Land Principals of Schelin Uldricks & Co. secured a $1,575,000 Land Loan encompassing 2 parcels of property: 11 acres in Avondale, AZ and 9.5 acres in Phoenix, AZ, both of which were planned for multifamily development.

Acquisition Crismon Mesa, AZ 13.6 Acres of Land Principals of Schelin Uldricks & Co. arranged a $1,750,000 Land Acquisition Loan representing 62.5% LTC for the acquisition of an 18.8 acre site in Mesa, AZ. The financing included release provisions for several parcels within the site that the developer intended to sell off to builders shortly…

Recapitalization 4385 Hopyard Road Pleasanton, CA 291,591 SF of Office/R&D Space Principals of Schelin Uldricks & Co. secured $47,500,000 in bridge financing along with a $13,000,000 mezz loan and $5MM of preferred equity to recapitalize and stabilize a 291,591 SF office campus east of Oakland, CA. The financing enabled a partnership buyout, and provided leasing…

Acquisition Manistee Townhomes & 1950 Broadway Apts Glendale & Tempe, AZ 9.38 Acres of Land Principals of Schelin Uldricks & Co. secured non-recourse land acquisition financing for 2 land parcels that were being entitled for for-rent residential townhomes and apartments. The loan included an 18 month term. Both projects were zoned at closing, with one…

Acquisition Encanto Townhomes & Elite at the Trails Phoenix & Avondale, AZ 15.12 Acres of Land Principals of Schelin Uldricks & Co. secured non-recourse land acquisition financing for the acquisition of 2 land parcels that were being entitled for for-sale residential townhome projects. Both sites were unentitled at closing and located in the Phoenix MSA.

Acquisition Pacesetter Scottsdale, AZ 18,765 SF of Office Space Principals of Schelin Uldricks & Co. secured acquisition financing for an 18,765 square foot class A office building in Scottsdale, AZ. The property had been leased as executive office suites but the buyer planned to consolidate their office space and move into a significant portion of…

Acquisition River Run & Stone Mountain Phoenix & Avondale, AZ 27.63 Acres of Land Principals of Schelin Uldricks & Co. arranged a land acquisition loan collateralized by 2 parcels that were being entitled for for-sale residential townhome projects. The projects were unentitled at closing and totaled 27.63 acres of land.