Structured Capital Transactions
Brewerytown Apartments, Philadelphia, PA
W Hotel, Atlanta, GA
University Grande Apartments, Hammond, LA
Situation – Experienced sponsor seeking accretive preferred equity for a ground-up, student housing deal in a tertiary market.
Strategy – LLSC recognized the sponsor as being extremely strong financially and professionally. Though small university town, Freddie Mac and Fannie Mae would lend and size a take-out loan in excess of our exposure.
MTP Hotel Portfolio, N.J. & PA
lender. LLSC’s disciplined approach to investing secured not only a great return but avoided a significant loss of time and money.
The Edge at College Hill, Providence, R.I.
Situation – Sponsor required additional dollars to cover construction cost overruns on a stabilized student housing property
Strategy – LLSC put a 2nd mortgage on the property recognizing that its last dollar of risk was 70% of value in highly desirable, difficult to build northeast student housing market with great universities.