Uncategorized

$9,000,000
Discretionary Fund

Principals of Schelin Uldricks & Co. raised capital for an opportunistic fund focused on purchasing LP interests in the secondary market, recapitalizing troubled assets, and investing in select preferred and common equity investments. This was the third follow-on fund in a programmatic JV structure.

$4,600,000
Discretionary Fund

Principals of Schelin Uldricks & Co. raised capital for an opportunistic fund focused on purchasing LP interests in the secondary market, recapitalizing troubled assets, and investing in select preferred and common equity investments. Second vintage in a programmatic JV structure.

$2,200,000
Discretionary Fund

Principals of Schelin Uldricks & Co. raised capital for an opportunistic fund focused on purchasing LP interests in the secondary market and recapitalizing troubled assets. This was the first vintage in a programmatic JV structure.

$1,400,000
Infrastructure Loan

Principals of Schelin Uldricks & Co. arranged a non-recourse infrastructure development loan to fund offsite improvements for a 15 acre mixed-use project in Tolleson, AZ. The improvements included curb & gutter installation, a busway, traffic signals, and utilities. The loan also provided some cash out to the borrower and a 12-month interest reserve.

$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…

$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.

$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.

$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…

Met Center 15

$47,684,143 Debt & Equity Placement 257,000 SF Office Campus Austin, TX Financing Details:$28,184,143 Equity Placement $19,500,000 Bridge Loan Transaction Overview: The owners of Met Center 15 were in a distressed situation and needed to recapitalize and restructure their project. The property had a foundation defect that needed to be remediated, and the ownership group had…

Britannia Business Center 1

$65,800,000 Debt & Equity Placement 291,591 SF Office/R&D Campus Recapitalization Pleasanton, CA Financing Details: $47,500,000 Bridge Loan $13,000,000 Mezzanine Loan $5,300,000 Preferred Equity Investment Transaction Overview: The ownership group of Britannia Business Center 1 was seeking to refinance their property in order to source funds to complete tenant improvements and also payoff an existing equity partner.…