Park 49 secured $18.45M in senior fixed-rate permanent debt for a 97-unit, stabilized garden-style multifamily asset in the Midwest. The refinancing retired higher-cost short-term debt following successful lease-up, locking in a competitive 4.375% fixed interest rate at 70% LTV. The transaction delivers long-term cash flow predictability and completes the sponsor’s business plan.
Park 49 arranged a $7.3M senior bridge loan at a conservative 45% CLTV for a 16-unit fast-casual restaurant portfolio across the Southeast. The capital enabled the buyer to capture a time-sensitive acquisition from an estate following the patriarch’s passing. Park 49 executed rapid short-term debt at 8.75%, providing the sponsor immediate liquidity while permanent bank financing is finalized.
Park 49 structured and delivered a $2.5M senior bridge loan at 75% LTV for a 10-acre agricultural facility in Mississippi. Stepping in to payoff a maturing local bank loan complicated by insurance guarantee and borrower credit hurdles, Park 49 leveraged private capital to execute a rapid funding solution. The 12.50% short-term facility provided the sponsor with critical liquidity and capital runway
Park 49 successfully arranged $8.3M in senior acquisition and construction financing at 67% CLTV for a single-family residential development in Southampton, NY. The financing enables the sponsor to construct a high-end, 4,500 sq. ft. classic Hamptons-style luxury home targeting the seasonal luxury buy market. Park 49 negotiated a competitive 5.75% rate structure to optimize project returns during construction.
Park 49 successfully arranged a $15.0M senior debt restructuring for a 15-story, 51-unit Class B multifamily asset facing an impending balloon payment. The new 5.25% fixed-rate financing at 67% LTV fully retired the existing debt and provided capital for exterior facade and common area modernizations. The transaction stabilized the capital structure and set the foundation for future rental growth.
Park 49 delivered an accelerated $5.0M senior acquisition loan at 60% LTV to fund the purchase and capital upgrade of an 18,000+ sq. ft. multifamily property. Stepping in after a traditional lender failed to meet a 30-day closing deadline, Park 49 completed underwriting and funded the transaction in under 15 days. The short-term debt locked in an 8.25% rate while securing the buyer’s purchase contract.
Park 49 provided a $3.75M senior short-term bridge loan at 60% CLTV for the acquisition of a newly built 7,500 sq. ft. modern luxury estate in Miami, FL. The financing bridged a critical gap for a foreign national sponsor unable to secure immediate traditional bank debt before closing. The 10.75% short-term facility enabled a swift closing and was successfully paid off within six months via permanent bank refinancing.
Park 49 structured and placed $3.0M in high-leverage secondary debt/preferred equity for the acquisition and adaptive reuse of a Chicago-area retail asset. The capital stack reached an 85% CLTV, allowing the sponsor to acquire the vacant big-box footprint and fund its conversion into a self-storage facility. The solution bridged the sponsor’s equity gap with an 8.00% capital rate.
