Posts by Schelin Uldricks & Co.

Recapitalization & Development Fairfield Inn & Suites Tolleson, AZ 116 Keys Principals of Schelin Uldricks & Co. arranged non recourse construction financing to build a 116-key Fairfield Inn & Suites in suburban Phoenix. The loan required a completion guaranty, and only 12 months of yield maintenance

Recapitalization 7301 Metro Center Austin, TX 257,600 SF of Office Space Principals of Schelin Uldricks & Co. arranged a $32MM bridge loan to refinance an office campus in Austin, TX. Proceeds of the loan were used to retire existing debt, pay off an equity partner, and extend key leases within the property.

Acquisition 505 W 62nd Street Los Angeles, CA 26 Multifamily Units Principals of Schelin Uldricks & Co. secured financing for a 26-unit mixed use project in south central Los Angeles. The buyer acquired the property while it was in the city’s Rent Escrow Program, implemented a significant renovation, and then exited the program. The financing…

Acquisition El Mirage Avondale, AZ 22 Acres of Land Principals of Schelin Uldricks & Co. arranged an 18 month acquisition & entitlement loan in western Phoenix for a 22 acre site. The land loan enabled the buyer to take down the site and process entitlements for townhomes and retail. The plans required a general plan…

Recapitalization 2400 West Marshall Grand Prairie, TX 111,741 SF of Office Space Principals of Schelin Uldricks & Co. secured $6.5MM of non-recourse fixed rate financing for a single tenant net leased Lockheed Martin facility in Grand Prairie, TX

Recapitalization 99th Street Avondale, AZ 58.72 Acres of Land Principals of Schelin Uldricks & Co. arranged non-recourse acquisition financing for a 58.72 acre parcel of unentitled land in western Phoenix.

Recapitalization 1935 Santa Rosa Ave Santa Rosa, CA 19,500 SF of Retail Space Principals of Schelin Uldricks & Co. secured a 10 year loan fixed for 7 years at 4.5% for a long term client. The property was 100% occupied at close on a MTM basis by a pet store.

Recapitalization 3333 Standish Ave Santa Rosa, CA 24,985 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a small balance 10 year loan fixed for 7 years at 4.5% for a long term client. The property was 81% occupied at close with 3 MTM tenants

Acquisition Bennet Meadows Goodyear, AZ 27.8 Acres of Land Principals of Schelin Uldricks & Co. secured a small balance non recourse land acquisition loan for a developer that was acquiring a 27.8 acre parcel of land in suburban Phoenix. Plans for the site included processing entitlements for a residential rental project, followed by a sale…