San Francisco, CA (PRWEB) 6 October 2012
waterfall block consists of eight property portfolio on the assets covering 58,288 square meters in the center of San Diego. Portfolio of office, varied and SRO housing a few blocks away from the historic Gaslamp District.
reduced after the slaughterhouse ?, the previous owner bought the portfolio for more than 3 years, and paid $ 33m for the development of a residential hi-rise., when the market crashed, the feasibility of the end of the $ 130m hi-rise significantly and the developer had to sell the asset clearly the underlying debt. ?
Steelhead Capital worked as a developer who purchased the asset $ 13m project financing rehabilitation and could get to three years renovating the bridge loan through a commercial mortgage REIT. The loan is non-recourse and had to pay 85% of the loan.
Peter founded the slaughter Steelhead capital of San Francisco-based commercial mortgage banking platform in 1998. Before founding Steelhead Capital, Mr. slaughter began commercial lending, all property types GMAC Commercial Mortgage.
the last ten years, Mr. slaughter of well over $ 3 billion in commercial real estate debt, mezz debt and equity transactions. His extensive knowledge of the capital markets improve significantly its customers. The ability to use aggressive acquisition and renovation costs in order to maximize the protection of investors
About Steelhead Capital:
Since 1998 Steelhead Capital, Inc. is a leading provider of home loans, commercial loans and advisory services for commercial real estate investors. Steelhead Capital brings extensive lending sources, structured finance experience in mergers and acquisitions, and a clear commitment to personalized service to investors financing properties in all 50 states.
Steelhead Capital For more information or to make a commercial loan request, please contact Peter at the slaughterhouse or visit SteelheadCapital.com.
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