Calmwater has the ability to structure custom-tailored solutions to complex situational real estate transactions. Their team has more than 170 years of combined experience sourcing, originating and servicing in excess of $2.4 billion of real estate debt.
Since their inception in 2013, Knighthead Funding has originated over $1.99B of commercial mortgage and bridge loans.
High-Level Lending Parameters:
Loan Amounts: Up to $100 million (larger amounts available on a case-by-case basis)
Loan-to-Value: Up to 75% of stabilized value
Lending Terms: 3 to 5 years
Interest Rate: Starting at L + 450, fixed rates available
Markets: Acquisition, renovation, construction and refinancing
Asset Classes: Hospitality, office, condo, multifamily, residential
- Office: Acquisition, three office buildings in West Palm Beach, FL. The $50 million loan was underwritten to ~57% “as-stabilized” value.
- Hospitality: Acquisition, 142 Key AC Marriott in Santa Rose, CA. The $41.7 million loan was underwritten to ~65% “as-stablizied” value.
- Condo: Construction, 78 units in Nashville, TN. The $33 million loan was underwritten to ~60% “as-complete” value.