Featured Closings

Property Name: DeSoto

Property Type: Industrial

Location: Chatsworth, CA

Tenant Info: Print Shop, Manufacturer of roofing products, trucking company, and recreation center

Loan Type: Refinance with future construction

Loan Amount: $28,000,000

Loan Term: 10 years fixed

Details about the deal: This was a challenging loan because we had to structure a future B-note construction loan in a time of market uncertainty.

Property Name: Taft

Property Type: Office & Retail

Location: Hollywood, CA

Tenant Info: professional office tenants, Starbucks, high-end restaurant

Loan Type: Purchase ($28M purchase price)

Loan Amount: $15,000,000

Loan Term: 12 months

Details about the deal: The subject property was 40% leased at closing. Amherst secured financing with a bridge lender that closed in less than 5 days. Challenges included closing before the ULA tax deadline with no appraisal or other 3rd party reports.

Property Name: Whisky Hotel

Property Type: Hotel

Location: Hollywood, CA

Tenant Info: 132 hotel rooms, ground floor restaurant, rooftop bar & restaurant

Loan Type: Construction

Loan Amount: $35,000,000

Loan Term: 5 years

Details about the deal: Amherst was able to get the lender comfortable with a ground lease structure which was necessary for the subject to qualify as an opportunity zone investment.

Property Name: La Mirada Industrial Buildings

Property Type: Industrial

Location: La Mirada, CA

Tenant Info: shipping, warehousing, and distribution. Manufacturing and fabrication of countertops, slabs, etc.

Loan Type: Refinance of acquisition financing with cash out

Loan Amount: $28,000,000

Loan Term: 10 years fixed

Details about the deal: Challenges included negotiating with the lender to keep pricing the same despite significantly rising interest rates

Property Name: Roofing Company Business Financing

Property Type: N/A

Location: Chatsworth, CA

Tenant Info: Manufacturer of roofing products

Loan Type: Refinance of Business Credit Facilities:
(1) Equipment term loan
(2) Revolving line of credit

Loan Amount: $9,000,000

Loan Term: 3-year equipment term loan and revolving credit facility

Details about the deal: Amherst was able to negotiate non-audited financial statements and doubled the credit facility of the prior lender.

Property Name: Santa Clarita Self Storage

Property Type: 3-property self -storage portfolio

Location: Los Angeles, CA

Tenant Info: multi-tenant

Loan Type: Refinance with cash out

Loan Amount: $21,000,000

Loan Term: 10 years

Details about the deal: This was a defeasance

Property Name: Carpinteria Single Family Residence

Property Type: single family residence

Location: Carpinteria, CA

Tenant Info: owner occupied primary residence

Loan Type: second trust deed with cash-out

Loan Amount: $3,500,000

Loan Term: 2 years

Details about the deal: Owner-occupied primary residence SFR with attractive first in place, proceeds to be used for business purposes

Property Name: DTLA Retail

Property Type: Neighborhood Retail

Location: Downtown Los Angeles, CA

Tenant Info: multi-tenant

Loan Type: refinance with cash-out

Loan Amount: $4,840,000

Loan Term: 5 years

Details about the deal: primarily local tenants including a church

Property Name: Summitridge Spec Luxury Single Family Residence

Property Type: Single Family Residence

Location: Beverly Hills, CA

Tenant Info: N/A

Loan Type: refinance with cash-out for construction completion

Loan Amount: $20,000,000

Loan Term: 1 year

Details about the deal: Construction completion for spec luxury SFR with additional proceeds obtained for construction completion because the client was past due on the repayment of existing first/second trust deeds

Property Name: Crescent Hotel

Property Type: Hotel

Location: Beverly Hills, CA

Tenant Info: hotel

Loan Type: refinance with cash-out

Loan Amount: $13,365,000

Loan Term: 15 years

Details about the deal: hotel was leased to Sonder