Posts by Schelin Uldricks & Co.
$950,000
Land Loan
Principals of Schelin Uldricks & Co. arranged a cash out refinance of a matured land loan. The new land loan was interest only, non-recourse, and provided time for the owners to sell the property. In addition, the loan included a 1-year interest reserve so that the owners did not have to come out of pocket…
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$17,100,000
Construction Loan
Principals of Schelin Uldricks & Co. arranged a 78% LTC non recourse construction loan for a 71-unit townhouse development project in Glendale, AZ. The project was located within an Opportunity Zone, with 100% of the project equity coming from a specific Opportunity Zone Fund. The sponsor provided fee-development services only to the project.
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$7,200,000
Loan
Principals of Schelin Uldricks & Co. arranged a 65% LTV non-recourse fixed rate loan for an 85-key Fairfield Inn & Suites by Marriott hotel in Colorado Springs. The loan featured a step-up FF&E reserve and a 10 year term.
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$5,100,000
Permanent Loan
AcquisitionCentral Florida Office & Industrial PortfolioOrlando, FL86,822 SF of Office & Industrial Space Principals of Schelin Uldricks & Co. arranged non-recourse acquisition financing for a 3 building sale leaseback transaction in central Florida. The transaction was structured as a Delaware Statuatory Trust syndication with approximately 35 passive investors that invested in the property through individual…
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$2,605,000
Bridge Loan
RecapitalizationSTNL Office CampusDallas MSA, TX110,000 SF of Office Space Principals of Schelin Uldricks & Co. secured bridge financing for a single tenant net leased office building occupied by an engineering company that had 4 years left on lease. Proceeds of the loan went to payoff a lawsuit settlement. The financing had a 4 month term…
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$1,150,000
Bridge Loan
AcquisitionBennet MeadowsGoodyear, AZ27.8 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 to a vertical…
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$42,000,000
Permanent Loan
RecapitalizationSOMO VillageRohnert Park, CA579,364 SF of Office & Industrial Space Principals of Schelin Uldricks & Co. successfully recapitalized a large flex office campus in Rohnert Park, CA. The financing provided cash out for the owners, included a post-closing collateral release of land to be developed as residential housing, and the approval of a post-closing partnership…
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$5,136,000
Permanent Loan
RecapitalizationSTNL Office & WarehouseSonoma County, CA33,944 SF of Office & Warehouse Space Principals of Schelin Uldricks & Co. arranged 10 year financing for a single tenant net lease property along highway 12 in Sonoma County, CA.
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$4,100,000
Permanent Loan
RecapitalizationGuayaki Tea Corporate HeadquartersSebastopol, CA33,944 SF of Office & Warehouse Space Principals of Schelin Uldricks & Co. secured a $4.1MM permanent loan with no prepayment penalty on a single tenant property in Sebastopol, CA. The mixed use building served as the corporate headquarters for Guayaki Tea.
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$37,500,000
Permanent Loan
RecapitalizationLifestyle Retail & Industrial CenterNorth Bay, CA178,000 SF of Industrial & Retail Space Principals of Schelin Uldricks & Co. arranged a 10-year fixed rate non-recourse CMBS loan secured by a lifestyle retail & industrial project that encumbered 17 separate buildings on their own parcels. The financing included paying off 2 separate loans, carving out a…
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