Posts by Schelin Uldricks & Co.
$39,475,000
Bridge Loan
Recapitalization East Bay R&D Campus East Bay Area, 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 $39.475MM non-recourse bridge loan along with institutional preferred equity. The transaction included a rollup of the TIC structure, a new sponsor & guarantor, and plans to…
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$5,200,000
Construction Loan
Recapitalization & Development West Covina Self Storage West Covina, CA 60,000 SF of Storage Space Principals of Schelin Uldricks & Co. arranged construction financing for phase II of an industrial storage/condo project in West Covina, CA. Plans for the site called for 30 units.
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$1,040,000
Land Acquisition Loan
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…
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$10,700,000
Permanent Loan
Recapitalization South Loop Office Portfolio Houston, TX 189,270 SF of Office Space Principals of Schelin Uldricks & Co. secured a 5 year, fixed rate non-recourse loan that was cross collateralized by two adjacent office buildings with “executive suite” type short term leases in Houston, TX. The properties were located in close proximity to Houston’s NRG…
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$5,350,000
Bridge Loan
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…
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$29,250,000
Permanent Loan
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…
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$6,300,000
Bridge Loan
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.
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$2,400,000
Permanent Loan
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.
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$3,000,000
Credit Facility
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.
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$17,500,000
Bridge Loan
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…
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