Posts by Schelin Uldricks & Co.

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…

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…

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…

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.

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.

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…

RecapitalizationAddison Corporate CenterWindsor, CT605,000 SF of Office Space Principals of Schelin Uldricks & Co. recapitalized a of former Tenant-in-Common transaction with a $32MM non-recourse bridge loan and $10MM of preferred equity. The transaction included a discounted payoff of the former mortgage and a lease up of approximately 30% of space within the property.

RecapitalizationAustin Corporate CampusAustin, TX257,600 SF of Flex Office Space Principals of Schelin Uldricks & Co. arranged a $19.5MM non-recourse bridge loan to refinance and partially cash-out a previously completed all-equity transaction. The loan enabled the ownership group to extend key leases at the property and complete a remediation program.

AcquisitionSouth Park Boutique HotelLos Angeles, CA78 Keys Principals of Schelin Uldricks & Co. secured acquisition financing for a developer acquiring an SRO Hotel in downtown Los Angeles with plans to convert the property into a 78-key Boutique Hotel. The loan had a 5 year term with an aggressive step down on the prepayment terms to…