Home / Recent Closings
Location: Los Angeles
Loan amount: $13,300,000
Lender type: Private Lender
Property type: Industrial Park
Size: 5 acres
HillStrong successfully facilitated the financing of $13,300,000 for a multi-tenant industrial property situated in Los Angeles, California. The subject property, encompassing 135,000 square feet and residing on 5 acres of land, houses over ten tenants, including one cannabis tenant. Utilizing Bridge lender execution, HillStrong secured a 12-month loan term for its borrower, with an interest-only term and several 6-month renewal options.
Location: Canton, TX
Loan amount: $6,700,000
Lender type: USDA Bank Loan
Property type: RV Park Resort
Size: 36 acres
Transaction Description:
HillStrong arranged $6,700,000 acquisition financing for a RV Resort Park sixty miles east of Dallas., TX. Welcoming guests from across Texas and beyond, the 36-acre Silver Spur Resort is a haven for hosting wedding parties, team retreats, and family reunions on its well-appointed, full-service grounds. Branded as “Ranch Life with a Luxury Flair,” the resort offers a plethora of accommodation options, event spaces, and family-friendly recreational activities. Additionally, guests can enjoy campgrounds, restaurants, a day spa, and more, ensuring a diverse and enriching experience for all. HillStrong collaborated with an experienced USDA national bank who provided the borrower a 10-year loan term amortized over 25 years.
Location: Orange County, CA
Loan amount: $10,100,000
Lender type: Bank
Property type: Office/Medical
Size: 18,026 SF
Transaction Description:
HillStrong arranged the $10,100,000 refinance of two surgery centers consisting of 18k SF with multi-tenant office buildings located in Orange County and Los Angeles, CA. HillStrong collaborated to rate locked this deal in July 2022 even as lenders continued to raised rates drastically in response to office market meltdown. Throughout the process, HillStrong was able to navigate various speed bumps stemming from COVID concerns and closed the refinance as initially quoted by the Bank.
Location: Albuquerque, NM
Loan amount: $4,600,000
Lender type: Life Insurance Company
Property type: Office
Size: 31,880 SF
Transaction Description:
HillStrong successfully arranged the acquisition financing of $4.6 million for a multi-tenant office property located in Albuquerque, New Mexico. Constructed in 2009, the subject property offers 31,880 square feet of office space and is strategically situated on the northeast side of the Albuquerque metro area, a mere 10 miles from the central business district. Leveraging our correspondent relationship with life insurance companies, HillStrong collaborated efficiently and secured a fixed-rate mortgage that met the acquisition timeline and milestones promptly. The advantage of locking in the rate upfront with life insurance companies resulted in substantial savings for the borrower from lock to close.
Location: Malibu, CA
Loan amount: $3,500,000
Lender type: Private Money Lender
Property type: Ground up Construction
Size: 7,000 SF
Transaction Description:
HillStrong successfully coordinated the Ground up Construction financing of $3,587,500 for a custom single-family residential development located in Malibu, CA. The subject property, when completed featured 7,000 SF home as a stunning new compound nestled in the beautiful, gated enclave of Ramirez Canyon. Just moments from the beach and set on 1.6 private acres, this warm, new construction retreat features a resort-style pool area and expansive eucalyptus grove among the certified as a monarch butterfly sanctuary. HillStrong worked with this repeat client who is a highly experienced custom home developer and provided with a 2-year interest only loan with minimal documentation required, effectively meeting the seller’s conditions in a highly competitive bidding scenario for the property.
Location: Washington, DC
Loan amount: $250,000
Lender type: Hard Money Lender
Property type: Mix Use Retail/Apartment
Size: 1,350 SF
Transaction Description:
HillStrong arranged a hard money loan of $250,000 for a borrower faced with an alternative transaction that necessitated a swift closing, leaving no time for a conventional property appraisal. HillStrong organized an onsite inspection of the property in just 48 hours and secured funding within an additional 72 hours, achieving a 5-day close that surpassed the borrower’s tight timeline and expectations. The borrower was granted a 1-year interest-only loan with renewable options with limited documentation needed and successfully satisfying the seller’s requirements.
Location: Maryville, TN
Loan amount: $335,000
Lender type: Fix and Flip Loan
Property type: Single Family Residence
Size: 3,225 SF
Transaction Description:
HillStrong arranged a Fix and Flip loan of $335,000 for an investor acquiring the property from a distressed seller. The transaction required a quick 10 day which HillStrong was able to accommodate. The borrower was provided a 6 month interest-only loan with limited documentation needed.
Location: Lancaster, CA
Loan amount: $335,000
Lender type: Private Money Lender
Property type: SFR Portfolio
Size: 24 SFR
Transaction Description:
HillStrong successfully facilitated the financing of $4,703,100 for an investor consolidating 24 SFR properties, each independently financed into a single portfolio loan with properties located across Los Angeles, California. HillStrong arranged a 10 year fixed loan amortized over 30 years.
Location:
Loan amount: $14,600,000
Lender type: Agency Lender
Property type: Multi-Family Apartments
Size: 58 units
Transaction Description:
HillStrong successfully orchestrated the refinance of $14,600,000 for a multifamily property located in Denver, CO. The property in question comprises 58 units across 3 buildings and boasts a robust long-term operating history. It remains a generational asset, still owned by the original developer who constructed the property in 1991. Leveraging our correspondent relationship with Agency lending, HillStrong secured for its borrower a non-recourse loan, featuring a 10-year fixed rate, interest-only terms, and a 1% prepayment penalty.
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