CASE STUDIES

Full-Service Hotel
$474MM
CMBS Multi-tranche
Restructuring Advisory

Miami, FL

A 334-key luxury hotel on 600 feet of beachfront, including for-sale residences, retail and a parking garage. The property underwent an extensive +$100mm renovation and was redeveloped into a luxury hotel, condominium and retail property. Capital stack comprised of three tranches of debt, including CMBS, and equity.

Full-Service Hotel
$110MM
CMBS Multi-tranche
Restructuring Advisory

Chicago, IL

Acquired debt and ultimately converted to ownership a landmark, 443-room hotel located in the heart of Chicago’s Magnificent Mile district. Capital stack comprised of three tranches of debt, including CMBS, and equity.

Full-Service Hotel
$375MM
CMBS Multi-tranche
Opportunistic Investing

Honolulu, HI

Acquired mezzanine debt at a deep discount. A 1,310-key full-service resort on Waikiki beach. Asset included six on-site restaurants, 50,000+ square feet of meeting space with extensive retail and parking. The property underwent a complete renovation. Capital stack comprised of three tranches of debt, including CMBS, and equity.

Full-Service Hotel
$175MM
CMBS Multi-tranche
Restructuring Advisory

Puerto Rico

A 416-key full-service resort hotel on the beach, with meeting space, casino, spa, gym, retail and enclosed parking. The property was recently renovated. Capital stack comprised of three tranches of debt, including CMBS, and equity.

Full-Service Hotel
$230MM
CMBS Multi-tranche
Opportunistic Investing

Jacksonville, FL

Acquired mezzanine debt at deep discount and converted to ownership. A 514-key luxury hotel adjacent to a world-class golf course, with five-swimming pools, multiple restaurants, meeting space, and spa. The property opened in 1988 and was renovated in 2017. Capital stack comprised of three tranches of debt, including CMBS, and equity.

Full-Service Hotel
$200MM
CMBS Multi-tranche
Restructuring Advisory

Aruba

A 484-key beach resort, with meeting space, casino, spa, and retail. Converted debt position to ownership and worked out CMBS senior loan. Capital stack comprised of three tranches of debt, including CMBS, and equity.

Industrial Complex
$120MM
CMBS Multi-tranche
Restructuring Advisory

Long Island City, NY

Restructured senior CMBS Loan. A 1,000,000 square foot industrial building in a high-growth neighborhood. Capital stack comprised of three tranches of debt, including CMBS, and equity.

CDO Bond Acquisitions
Opportunistic Investing
$1.6 Billion


Acquired public CRE CDO bonds at deep discounts relative to the intrinsic value of their CRE collateral while maintaining CDO term-liabilities. Reinstated the CDO’s investment rights and enabled the acquisition of additional third-party assets at deeply discounted prices.

Loan portfolio
Opportunistic Investing
$2.0 Billion


Restructured mixed CRE portfolio of assets. Opportunistically acquired hotel and other deeply mispriced assets.

Restructuring Advisory
€2.04 Billion



Created liquidity through highly structured sale while maintaining upside participation. Assets were aggressively worked out as liquidity recovered.

Self Storage
$9.8MM
Bridge Financing

Sacramento, CA

Warehouse conversion to self-storage and lease-up. State-of-the-art, fully climate-controlled, and electronically secured facility with freeway visibility, and strong sponsorship. Managed by national operator.

Multifamily
$23MM
Bridge Financing

Tampa, FL

Acquisition and capital improvement of a 296-unit multifamily property by an experienced operator. Instituted significant property upgrades and professional management designed to increase rents and occupancy to market levels.

Office
$40.1MM
Bridge Financing

Los Angeles, CA

Recapitalized a 200,000 square foot office building. The experienced sponsor redeveloped the property and increased the square footage.

Retail
$21.8MM
Bridge Financing

Marysville, WA

Acquisition and capital improvements of a 220,000-square-foot retail property. Crescit originated the 4-year fixed rate bridge loan with a one-year extension option.