CASE STUDIES
![](https://crescitcap.com/wp-content/uploads/Crescit-Capital-CS03-Distressed-Investing-Hawaii.jpg)
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.
![](https://crescitcap.com/wp-content/uploads/Crescit-Capital-CS05-Distressed-Investing-JacksonvilleFL_Hotel.jpeg)
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.
![](https://crescitcap.com/wp-content/uploads/Crescit-Capital-CS08-Distressed-Investing-1.6bln.jpg)
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.
![](https://crescitcap.com/wp-content/uploads/Crescit-Capital-CS09-Distressed-Investing-Loan-2bln.jpg)
Loan portfolio
Opportunistic Investing
$2.0 Billion
Restructured mixed CRE portfolio of assets. Opportunistically acquired hotel and other deeply mispriced assets.