Posts by Schelin Uldricks & Co.

Acquisition 14th Place Los Angeles, CA 0.2 acres of Land Principals of Schelin Uldricks & Co. arranged a small balance 80% LTC land acquisition loan priced at 6.5% for a local Los Angeles-based developer. The financing included an interest reserve and enabled the developer to acquire the site and process plans for a 50-unit micro…

Recapitalization The Oviatt SRO Hotel Los Angeles, CA 117 Keys Principals of Schelin Uldricks & Co. secured a 5-year cash out bridge loan for an SRO hotel next to Staples Center in downtown Los Angeles. The funding enabled the ownership group to pay back taxes, settle a partnership dispute, and continue the planning process to…

Recapitalization Met Center 10 Austin, TX 345,600 SF of Medical Office Space Principals of Schelin Uldricks & Co. arranged a 10 year non-recourse fixed rate loan on a specialty-use office campus in Austin, TX. The financing recapitalized the property, and also enabled the ownership group to substitute a guarantor, roll up their Tenant-in-Common structure, and…

Recapitalization Bozeman Retail Bozeman, MT 200,000 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a competitively priced non-recourse bridge loan for a retail center in Bozeman, MT. At the time of close, the property had ongoing environmental remediation in progress and a vacant anchor space.

Acquisition Mammoth Retail Mammoth Lakes, CA 42,500 of Retail Space Principals of Schelin Uldricks & Co. arranged acquisition financing for a two-story retail center in Mammoth Lakes, CA. The buyer planned to lease up some vacant space on the ground floor and process plans with the city to convert the 2nd story into apartments.

Acquistion SFR Rehab Facility Los Angeles, CA Multiple SFR’s Principals of Schelin Uldricks & Co. arranged an 85% LTC revolving bridge facility for a Los Angeles based residential home fix & flip investor. The facility enabled the investor to close quickly on multiple homes throughout the Los Angeles market, and implement repositioning business plans thereafter.

Acquisition Inglewood Redevelopment Inglewood, CA 19 acres of land Principals of Schelin Uldricks & Co. arranged a $17.5MM bridge loan along with joint venture equity 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 were…

Recapitalization The Barlow Ph III Sebastopol, CA 36,000 SF of Retail Space Principals of Schelin Uldricks & Co. arranged a 5-year cash-out bridge loan encumbering a non-stabilized portion of a larger 215,000 SF lifestyle industrial and retail project in Sonoma County, CA. The financing provided some cash out to the developer as well as funding…

Recapitalization The Barlow Ph I & II Sebastopol, CA 175,000 SF of Retail & Industrial Space Principals of Schelin Uldricks & Co. arranged a 5-year non-recourse permanent loan on a lifestyle industrial and retail project in Sebastopol, CA that enabled the developer to repay a construction loan and take interest rate risk off the table…