Recent Transactions

• SG Capital provided a $60.15 million floating rate loan to acquire the Greenwood Industrial Campus, a 13-building, 2.7MM square foot industrial property in Greenwood, SC.
• The sponsor executed a sale partial leaseback with FujiFilm having lease expirations staggered through 2029. The property served as a manufacturing campus for Fujifilm Corporation and was 67.2% occupied by Fujifilm at closing. The sponsor plans to lease the property to stabilized occupancy and mark the rents to market, while implementing a base building capital expenditure plan.

$60,150,000

• SG Capital provided a $14.45 million floating rate loan to acquire the two building, 59,754 square foot flex industrial property located in Fountain Valley, CA. The property features 20’ clear heights and 14 loading doors.
• At closing, the property was 100% leased with rents significantly below market and lease structures of modified gross and gross. The sponsors business plan includes capex renovation and implementation of a leasing program to mark the rents to market and change lease structures to triple net.

$14,450,000

• SG Capital provided a $17.9 million floating rate loan to acquire the 120-unit age restricted multifamily property that was built in 2020 and located in Forney, TX. The Property was 75.8% occupied at closing.
• The sponsor’s business plan is to continue leasing the property to stabilized occupancy, implement institutional property management and complete a minor capital improvement plan. The capital improvement plan will include minor interior renovations as well as add additional other income revenue streams for the property.

$17,900,000

• SG Capital provided a $30.0 million floating rate loan to acquire the 238-unit multifamily property in Chattanooga, TN. The property was 92% occupied at closing.
• The sponsors business plan is to complete a capital expenditure program designed to increase rents and improve the property’s positioning in the market. Interior and exterior renovations to the property will allow the sponsor to increase rents and stabilize the property.

$30,000,000

$57,250,000

• SG Capital provided a $59.1 million floating rate loan to refinance the construction loan on two (2) multifamily properties comprising 152-units and 11,790 SF of commercial space in Brooklyn, NY.
• At closing, property was 99% complete and Sponsor was awaiting final approval for TCO to commence lease-up and apply for a 35-year 421(a) tax abatement. Once stabilized, the Sponsor’s plan is to sell these two properties as part of a larger portfolio to a private equity group.

$59,100,000

$41,000,000

$10,700,000

• SG Capital provided a $11 million floating rate loan to finance the acquisition of a 56 unit multifamily complex located in Fort Worth, TX.
• Property was 94.8% occupied at closing with rental rates that were approximately 5.5% below market. Sponsor will be marking leases to market, burning off concessions and implement a RUBS program to increase cash flows.

$11,000,000

• SG Capital provided a $10.9 million floating rate loan to finance the acquisition of a 37,828 square foot medical office complex located in Queens, New York. The loan was structured with future funding for capital expenditures and leasing costs.
• The Property was acquired through a sale-leaseback whereby 66.8% of the property will remain occupied by seller. The sponsor’s business plan includes implementing a lease-up program for newly vacated space through a reputable leasing broker and stabilize the asset.

$10,982,500

• SG Capital provided a $26.9 million floating rate loan to finance the acquisition of a two-property garden style apartment portfolio comprising 165 multifamily units located in Nashville, TN. At closing, the properties were 99% occupied.
• The loan was structured with $4.69 million of future funding for capital expenditures to upgrade unit interiors, amenities and property exteriors, to allow the borrower to increase rents to market levels.

$26,948,000