News

$19,500,000 Bridge Loan to Recapitalize Flex Office Building

Challenge of the assignment: At the time of closing, a structural remediation program to mitigate foundation movement was only 50% complete. In addition, the majority tenant at the property (85% of GLA) had an open termination option which they could exercise at any time. Solution:  Landmark Capital identified a lender that was comfortable with the sponsor’s […]

Read More

6,900,000 Bridge Loan – No Prepayment Penalty

Landmark Capital secured $6,900,000 of short-term bridge financing to replace a maturing land loan on a 251-acre site with final plat approval for 329 residential lots in, Douglas County, CO. Challenge of the assignment: Secure short-term, non-recourse debt financing to provide the Sponsor with sufficient time to complete: final agency approvals; builder sale documentation; the […]

Read More

$14,000,000 Joint Venture Equity to finance the acquisition, development and construction of 152 residential units in Oxnard, CA.

Challenge of the assignment:Persuading a capital partner to invest in a project located in a secondary market with a relatively large number of lots. Solution: Landmark Capital had the resources and the collaboration to analyze the opportunity, identify a qualified investor, assemble the relevant market data to support a significant investment in a secondary market, […]

Read More

Landmark Links August 30th – Size Matters

  Lead Story…  New homes have been getting larger for quite some time, since the end of the Great Recession to be exact.  Conventional wisdom had held that the size of homes would shrink after the Great Recession due to more focus on affordability and reduced financial capacity of buyers.  However, except for a brief blip […]

Read More

Landmark Links August 26th – Transition

Lead Story… Two particularly troublesome issues in the US real estate market are the need for more affordable housing and figuring out what to do with vacant malls and other underutilized retail sites.  The Westminster Arcade in Providence Rhode Island, the oldest mall in the US offers an interesting solution: converting un-used portions of malls to micro […]

Read More

Landmark Links August 23rd – Blind Sided

  Animated photo in wordpress.com link (trust me, it’s worth it) Lead Story… A massive number of Home Equity Lines of Credit (also known as HELOCs) were originated from 2005-2007, many of which have not been refinanced due to a combination of increased underwriting scrutiny and falling values (depending, of course on where the home is located).  Nearly […]

Read More

Landmark Links August 19th – Ramparts!!!

  Lead Story…  In the all-time classic 1980 comedy Caddyshack, obnoxious condo developer Al Czervik, played by Rodney Dangerfield opines that: “…golf courses and cemeteries are the biggest wastes of prime real estate.” He was onto something.  It’s been well documented in the years since the Great Recession that golf courses are, by and large a terrible investment […]

Read More

Landmark Links August 16th – Out of Balance

  Lead Story… They say that demographics are destiny and by 2030, 56 countries will have more people aged 65 and above than children under 15.  By 2075, there will be more people 65 and older than children under 15 worldwide.  This is the result of two developments that have been taking place in developed countries […]

Read More

Landmark Links August 12th – Why We Can’t Have Nice Things

  Lead Story… In a profoundly disappointing but not remotely surprising story, labor, environmental and tenant advocacy groups have effectively nuked CA Governor Jerry Brown’s plan to streamline approvals for housing developments, imperiling it’s chances of passing through the legislature this year.  Brown’s plan essentially would have allowed development “as of right” so long as it […]

Read More

Closing Secondary-Market Deals With Equity Providers

NEWPORT BEACH, CA—Focusing on return metrics, a team’s ability to execute, location and what makes the specific project unique from its competition will make equity providers take notice on secondary-market deals, Landmark Capital Advisors’ director of business developmentTom Farrell tells GlobeSt.com. The firm secured $14 million of JV equity to finance theacquisition, development and construction […]

Read More