Three newly renovated property portfolio scattered among strong rental markets of the Wichita, KS submarkets. Borrower requested financing for the acq...
Description: 136-unit Multi-Family Properties
Location: Wichita, KS
Status: Repaid in Full
Loan Amount: $4,100,000
LTV: 60.0%
Pre-Pay: 4 months
Rationale: Three newly renovated property portfolio scattered among strong rental markets of the Wichita, KS submarkets. Borrower requested financing for the acquisition of the portfolio and time to stabilize and refinance through a long-term takeout.
This 17-unit property located just one-block off of Sunny Isles beach served as an excellent opportunity to convert into a short-term rental operation...
Description: 17-unit Multi-Family Property
Location: Sunny Isles, FL
Status: Active
Loan Amount: $5,216,400
LTV: 69.0%
Pre-Pay: 6 months
Rationale: This 17-unit property located just one-block off of Sunny Isles beach served as an excellent opportunity to convert into a short-term rental operation. Borrower requested acquisition financing for the property and delivered a master lease agreement with a well known short-term rental agency in FL prior to closing.
Borrower was seeking funds for the acquisition and renovation of a 52-unit Multi-Family in Federal Way, WA. The Property was delivered 93% oc...
Description: 52-unit Multi-Family Property
Location: Seattle, WA
Status: Active
Loan Amount: $7,275,000
LTV: 63.0%
Pre-Pay: N/A
Rationale: Borrower was seeking funds for the acquisition and renovation of a 52-unit Multi-Family in Federal Way, WA. The Property was delivered 93% occupied and well situated between Seattle and Tacoma employment centers. KBC provided financing in an expedited timeline to meet the closing deadline of the off-market transaction.
The subject was 100% occupied when delivered, but operating at below market rents. Financing was requested to meet a quick-close deadline and to provi...
Description: 40-unit Multi-Family Property
Location: San Jose, CA
Status: Active
Loan Amount: $8,500,000
LTV: 74.0%
Pre-Pay: 6 months
Rationale: The subject was 100% occupied when delivered, but operating at below market rents. Financing was requested to meet a quick-close deadline and to provide time to raise rents to market after light rehab, ultimately stabilizing NOI and obtaining long-term takeout financing .
Beautifully and newly constructed asset built to condo spec in the Northern Portland submarket. Borrower requested funds to refinance the property and...
Description: 18-unit Multi-Family Property
Location: Portland, OR
Status: Active
Loan Amount: $4,237,500
LTV: 73.0%
Pre-Pay: N/A
Rationale: Beautifully and newly constructed asset built to condo spec in the Northern Portland submarket. Borrower requested funds to refinance the property and allow time to stabilize the new asset into long-term takeout financing.
Newly constructed, 100-unit multi-family property in just walking distance from Downtown Portland, situated close to the Willamette water front and OH...
Description: 100-unit Multi-Family Property
Location: Portland, OR
Status: Active
Loan Amount: $19,415,000
LTV: 65.0%
Pre-Pay: N/A
Rationale: Newly constructed, 100-unit multi-family property in just walking distance from Downtown Portland, situated close to the Willamette water front and OHSU Hospital. Borrower requested finacing to refinance the existing construction loan and stabilize the asset into a long-term financing takeout.
Newly constructed, 54-unit multi-family property in the in the buzzling Lloyd's District of Portland, OR just 10 minutes North of Downtown. Borrower r...
Description: 54-unit Multi-Family Property
Location: Portland, OR
Status: Active
Loan Amount: $10,940,000
LTV: 74.0%
Pre-Pay: 4 months
Rationale: Newly constructed, 54-unit multi-family property in the in the buzzling Lloyd's District of Portland, OR just 10 minutes North of Downtown. Borrower requested finacing to refinance the existing construction loan and stabilize the asset into a long-term financing takeout.
Borrower needed takeout financing for the newly constructed 12-unit complex well located in the Northeast Portland submarket. Financing served to prov...
Description: 12-unit Multi-Family Property
Location: Portland, OR
Status: Active
Loan Amount: $2,400,000
LTV: 66.0%
Pre-Pay: N/A
Rationale: Borrower needed takeout financing for the newly constructed 12-unit complex well located in the Northeast Portland submarket. Financing served to provide a bridge through stabilization and into a long-term financing takeout.
Strong rental upside opportunity through the light-medium renovation of units and exterior, located just North of Downtown Phoenix. Borrower requested...
Description: 29-unit Multi-Family Property
Location: Phoenix, AZ
Status: Active
Loan Amount: $2,310,000
LTV: 69.0%
Pre-Pay: N/A
Rationale: Strong rental upside opportunity through the light-medium renovation of units and exterior, located just North of Downtown Phoenix. Borrower requested financing to acquire and renovate the property to achieve this upside.
Delivered fully renovated with premium upgrades and stabilized, this property is located just 1-block off the bustling Venice Blvd in the greater Culv...
Description: 15-unit Multi-Family Property
Location: Mar Vista, CA
Status: Active
Loan Amount: $4,550,000
LTV: 65.0%
Pre-Pay: N/A
Rationale: Delivered fully renovated with premium upgrades and stabilized, this property is located just 1-block off the bustling Venice Blvd in the greater Culver City area and 10 minute drive from Venice Beach. With existing financing maturing, the Borrower requested to refinance the existing debt to provide enough time to sell the property.
Borrower requested acquisition financing to meet a short closing deadline of this 51-unit multi-family property well located in Downtown Long Beach, C...
Description: 51-unit Multi-Family Property
Location: Long Beach, CA
Status: Active
Loan Amount: $8,500,000
LTV: 71.0%
Pre-Pay: N/A
Rationale: Borrower requested acquisition financing to meet a short closing deadline of this 51-unit multi-family property well located in Downtown Long Beach, CA. The short-term bridge loan provides the time needed for the Borrower to increase rents to market rates and stabilize NOI for a long-term debt takeout.
Borrower requested financing for a quick-close acquisition of the subject property. Financing also provided time to fully stabilize the property into ...
Description: 33-unit Multi-Family Property
Location: Portland, OR
Status: Active
Loan Amount: $3,000,000
LTV: 71.0%
Pre-Pay: N/A
Rationale: Borrower requested financing for a quick-close acquisition of the subject property. Financing also provided time to fully stabilize the property into a long-term financing takeout.
Built to condo spec and centrally located along the well sought after Miami Beach strip, this 20-unit property served as a great opportunity to conver...
Description: 20-unit Multi-Family Property
Location: Miami Beach, FL
Status: Active
Loan Amount: $5,216,400
LTV: 69.0%
Pre-Pay: 6 months
Rationale: Built to condo spec and centrally located along the well sought after Miami Beach strip, this 20-unit property served as a great opportunity to convert to a short-term rental operation. Borrower requested financing for the acquisition and renovation of the property, renovating the units with premium upgrades and resizing it into a 17-unit space.
Well located in the booming Greater Salt Lake area, borrower sought financing to acquire and renovate the subject property. Financing provided time to...
Description: 54-unit Multi-Family Property
Location: Holladay, UT
Status: Active
Loan Amount: $6,550,000
LTV: 71.0%
Pre-Pay: 6 months
Rationale: Well located in the booming Greater Salt Lake area, borrower sought financing to acquire and renovate the subject property. Financing provided time to improve property management, renovate, and stabilize the property into a long-term financing takeout.
Strong asset in a solid rental market of the Northeast suburbs of Dallas, TX. Borrower requested financing for the acquisition and renovation of the p...
Description: 264-unit Multi-Family Property
Location: Dallas, TX
Status: Repaid in Full
Loan Amount: $14,000,000
LTV: 62.0%
Pre-Pay: 7 months
Rationale: Strong asset in a solid rental market of the Northeast suburbs of Dallas, TX. Borrower requested financing for the acquisition and renovation of the property into a Class B product that required time to be stabilized before being taken out by a long-term financing solution.
Centrally located in the infamous studio and growing tech hub of Culver City, CA this property was delivered to KBC fully renovated with premium upgra...
Description: 22-unit Multi-Family Property
Location: Culver City, CA
Status: Active
Loan Amount: $4,610,000
LTV: 65.0%
Pre-Pay: 6 months
Rationale: Centrally located in the infamous studio and growing tech hub of Culver City, CA this property was delivered to KBC fully renovated with premium upgrades. The Borrower requested low leverage financing to refinance and fund CapEx dollars to seismically retrofit and then stabilize the property into a long-term financing takeout.
Borrower requested acquisition financing for the purchase of a well located 53-unit, recently renovated Class B property just a few minutes for the be...
Description: 53-unit Multi-Family Property
Location: Boca Raton, FL
Status: Active
Loan Amount: $7,420,000
LTV: 71.0%
Pre-Pay: 6 months
Rationale: Borrower requested acquisition financing for the purchase of a well located 53-unit, recently renovated Class B property just a few minutes for the beaches of Boca Raton.
Borrower needed to close quickly and the bank providing the original conventional loan could not meet the required closing date. ...
Description: 99% Occupied, Apartment Complex
Location: Seattle, WA
Status: Repaid in full
Loan Amount: $6,800,000
LTV: 48.0%
Pre-Pay:
Rationale: Borrower needed to close quickly and the bank providing the original conventional loan could not meet the required closing date.
Borrower was seeking funds for the acquisition and renovation of a rent controlled apartment complex in Los Angeles. Borrower required an expedited ti...
Description: 34-Unit Multi-Family Property
Location: Los Angeles, CA
Status: Active
Loan Amount: $3,745,000
LTV: 70.0%
Pre-Pay:
Rationale: Borrower was seeking funds for the acquisition and renovation of a rent controlled apartment complex in Los Angeles. Borrower required an expedited timeline for financing in order to meet a closing deadline.
Borrower needed to season the asset before converting to a conventional loan but had an existing bridge loan with a partner that was inflexible and ca...
Description: Student Housing
Location: Provo, UT
Status: Repaid in Full
Loan Amount: $6,900,000
LTV: 69.0%
Pre-Pay:
Rationale: Borrower needed to season the asset before converting to a conventional loan but had an existing bridge loan with a partner that was inflexible and causing a deteriorating relationship.
Borrower was unable to renew a CMBS loan due to a technical default 10 years prior and was required to engage a bridge loan to season the asset befor...
Description: 95% Occupied, 100-unit Apartment Complex
Location: Las Vegas, NV
Status: Repaid in full
Loan Amount: $7,500,000
LTV: 71.0%
Pre-Pay:
Rationale: Borrower was unable to renew a CMBS loan due to a technical default 10 years prior and was required to engage a bridge loan to season the asset before refinancing with a conventional loan.
Borrower was going through a divorce and the asset was being transferred to one party and needed to be held separately for a year. ...
Description: 100% Occupied, Apartment Complex
Location: Redondo Beach, CA
Status: Repaid in full
Loan Amount: $7,900,000
LTV: 56.0%
Pre-Pay:
Rationale: Borrower was going through a divorce and the asset was being transferred to one party and needed to be held separately for a year.
Borrower completed remodel of all units and was using bridge financing to pay off their construction loan and season the rents before securing long-te...
Description: Recently remodeled Multi-Family Property
Location: Las Vegas, NV
Status: Active
Loan Amount: $18,200,000
LTV: 63.0%
Pre-Pay:
Rationale: Borrower completed remodel of all units and was using bridge financing to pay off their construction loan and season the rents before securing long-term agency financing.
Borrower was purchasing the property at a below-market price and intended to stabilize the asset and sell within the term of the bridge loan. This tra...
Description: 138,000-sf Class B office building
Location: Houston, TX
Status: Active
Loan Amount: $9,500,000
LTV: 62.5%
Pre-Pay:
Rationale: Borrower was purchasing the property at a below-market price and intended to stabilize the asset and sell within the term of the bridge loan. This transaction required non-traditional financing to avoid pre-payment penalties associated with traditional financing.
Borrower needed financing to pay off an existing loan. The bridge loan allowed the property to stabilize, at which time the borrower sought a permanen...
Description: 79.8% Occupied, Class-A Office Building
Location: Escondido, CA
Status: Repaid in Full
Loan Amount: $8,400,000
LTV: 71.0%
Pre-Pay:
Rationale: Borrower needed financing to pay off an existing loan. The bridge loan allowed the property to stabilize, at which time the borrower sought a permanent conventional loan to take out the bridge.
KBC's Loan funded the acquisition of this two-building industrial property and provided additional funding for tenant improvements and leasing commiss...
Description: 100,395 sqft Industrial Properties
Location: San Diego, CA
Status: Active
Loan Amount: $6,833,500
LTV: 68.0%
Pre-Pay: 6 months
Rationale: KBC's Loan funded the acquisition of this two-building industrial property and provided additional funding for tenant improvements and leasing commissions as the borrower completed a significant value-add program. Over the term of the loan, the property has been transformed into highly desirable industrial space in a competitive market.
Borrower needed financing to meet quick-close deadline and provide time to find a long-term financing solution. The Property was delivered 90% occupie...
Description: 20,165 sqft Industrial Property
Location: North Hollywood, CA
Status: Active
Loan Amount: $2,626,000
LTV: 60.0%
Pre-Pay: 6 months
Rationale: Borrower needed financing to meet quick-close deadline and provide time to find a long-term financing solution. The Property was delivered 90% occupied with, with 80% occupied by one of the largest eyewear companies in the world.
Newly constructed and just under 50% leased self-storage center, perfectly located in a growing submarket of Utah County and adjacent to a newly const...
Description: 651-unit Self-Storage Property
Location: Springville, UT
Status: Active
Loan Amount: $6,465,000
LTV: 73.0%
Pre-Pay: 6 months
Rationale: Newly constructed and just under 50% leased self-storage center, perfectly located in a growing submarket of Utah County and adjacent to a newly constructed SFR development. The Borrower requested financing to refinance the existing construction loan and stabilize the asset for the sale of the property.
7-story parking garage in the heart of the Brickell financial district of Miami, FL and anchored by one of the largest financial institutions in the U...
Description: 588-Stall Parking Garage
Location: Miami, FL
Status: Active
Loan Amount: $12,120,000
LTV: 66.0%
Pre-Pay: 6 months
Rationale: 7-story parking garage in the heart of the Brickell financial district of Miami, FL and anchored by one of the largest financial institutions in the U.S. Borrower requested financing for the acquisition of the property.
The property was performing well and the borrower sought out private financing to meet the requirement of a quick closing. The previous owner had cros...
Description: Stabilized, grocery-anchored retail property
Location: Gastonia, NC
Status: Repaid in Full
Loan Amount: $5,025,000
LTV: 62.0%
Pre-Pay:
Rationale: The property was performing well and the borrower sought out private financing to meet the requirement of a quick closing. The previous owner had cross-collateralized the property with a more risky project which didn’t perform and created the sale.
Recently constructed SFR had taken longer than anticipated to sell/exit and the Borrower’s construction loan had come due requiring a bridge to sale...
Description: 5,007-sf Single Family Residence (non-owner occupied)
Location: Newport Beach, CA
Status: Repaid in full
Loan Amount: $2,500,000
LTV: 66.0%
Pre-Pay:
Rationale: Recently constructed SFR had taken longer than anticipated to sell/exit and the Borrower’s construction loan had come due requiring a bridge to sale loan.
925-480-6050
60 E. South Temple
Suite 2100
Salt Lake City, UT 84111
