Creative Debt Solutions

Transaction Highlights

Torchlight Originates and Acquires Commercial Real Estate Debt

City Tower - $99,400,000 - Equity


Torchlight provided $99.4 million of equity on a 21-story, Class-A office building located in Orange, California. The property totaling 413,956 square feet is the tallest building in the City of Orange offering unobstructed views of the ocean, mountains, and greater Orange County.
East Lansing Portfolio - $18,000,000 - Preferred Equity


Torchlight provided an $18.0 million preferred equity investment for the acquisition and renovation of three Class-A, purpose-built, student housing complexes located at Michigan State University. The portfolio totals 2,772 beds in 852 units across 59 buildings, representing the University’s single largest off-campus housing community.
Florida Hotel - $41,600,000 - Senior Mortgage and Mezzanine Loan


Torchlight provided $41.6 million of senior mortgage and mezzanine financing on a 319 room resort hotel located on a 301-acre site on St. Andrews Bay in Panama City Beach, Florida. The hotel features private golf villas, two 18-hole golf courses, a full service spa, a kid’s club, five clay tennis courts, and four swimming pools.
Florida Multifamily - $10,000,000 - Senior Loan


Torchlight provided a $10.0 million first mortgage on 22, two-story multifamily buildings located in southwest Florida. The 168 unit, 134,760 square feet, garden-style multifamily complex is situated on a 14.2 acre parcel and offers washer/dryer connections, large closets, private patios and balconies, high speed internet, and lakeside or fountain views. Community amenities include a leasing office and clubhouse, a swimming pool with jacuzzi, on-site care centers, a fitness center, a laundry facility, a playground and a car wash.
Hawaii Retail - $29,000,000 - Senior Loan


Torchlight provided a $29.0 million stretch senior mortgage to finance the acquisition of a 137,000 square foot grocery-anchored shopping center located in Maui, Hawaii.
Houston Multifamily - $12,000,000 - Senior Loan


Torchlight provided a $12.0 million first mortgage in Houston, Texas. The 268-unit, garden-style multifamily property is located in close proximity to Sugarland, Texas. The property consists of 18 two- and three-story buildings including a clubhouse/leasing office, and one- and two-bedroom units ranging in size from 474 to 1,084 square feet. Common area amenities include gated access, a swimming pool, patio deck, tennis court, laundry facilities and 431 parking spaces. The units have over-sized patios or balconies, walk-in closets, pantries, washer dryer hook-ups, fire places, and vaulted ceilings.
Hunt Valley Hotel - $27,500,000 - Senior Mortgage & Mezzanine Loan


Torchlight provided $27.5 million of senior mortgage and mezzanine financing for the acquisition and renovation of a 393-room conference center hotel located approximately 15 miles north of downtown Baltimore. The hotel is the largest conference facility in the area with 33,000 square feet of meeting space and two ballrooms, which can accommodate up to 1,700 guests. Hotel amenities include a full-service restaurant, a bar and lounge, a café, an indoor and outdoor pool, a whirlpool and sauna, and a fitness center.
Las Vegas Office Portfolio - $38,000,000 - Junior Interest


Torchlight acquired an under-capitalized flex and office portfolio located in Las Vegas, Nevada. The Las Vegas Office Portfolio is comprised of 14 individual buildings totaling approximately 700,000 square feet.
Lehigh Valley Office - $41,000,000 - Senior Mortgage & Mezzanine Loan


Torchlight provided $41.0 million of senior mortgage and mezzanine financing on a Class-A, multi-tenanted, institutional quality office property, located in Allentown, Pennsylvania. The 556,000 square foot facility has 10-foot finished ceilings, floor-to-ceiling windows, a full-service cafeteria, fitness center, advanced security systems, a Tier 4 data center and attached parking garages.
Long Island Multifamily - $26,000,000 - First Mortgage & Mezzanine Loan


Torchlight provided $26.0 million of senior mortgage and mezzanine financing for a high-end multifamily property located in Valley Stream, New York. The property is located adjacent to the Long Island Railroad and 30 minutes from Midtown Manhattan.
Los Angeles Retail - $27,000,000 - Preferred Equity


Torchlight provided a $27.0 million preferred equity investment to finance the acquisition and renovation of a prominent two-story, Class-A retail center located in Los Angeles, California. The 248,500 square foot entertainment-oriented lifestyle retail center is anchored by an 18-screen Cinemark XD movie theater and Dave & Buster’s.
Louisville Tower - $28,700,000 - Distressed Note Purchase


Torchlight acquired a $28.7 million non-performing note on a 26-story, 332,129 square foot Class-A office tower located in the Central Business District of Louisville, Kentucky. Designed by Skidmore Owings and Merrill, the building offers flexible 14,000 square foot floor plates with a functional center-core design enabling efficient divisibility of the floors.
Michigan Multifamily - $20,300,000 - Distressed Senior Note


Torchlight acquired a non-performing note on a Class-A portfolio located in Petoskey, Michigan. The portfolio consists of a 45,850 square foot neighborhood retail center and a 240-unit garden-style multifamily complex. The retail center is comprised of three one-story buildings and is occupied primarily by national retailers. The apartments feature vaulted ceilings, washer/dryer connections as well as private patios and balconies. Community amenities include a clubhouse, fitness center, computer lab, and a pool with jacuzzi.
Myrtle Beach Multifamily - $38,300,000 - Equity


Torchlight acquired a 630-unit, Class-B, garden-style multifamily complex located in Myrtle Beach, South Carolina. The property features studio, one-, and two-bedroom units with an average unit size of 823 square feet. The property has common amenities including multiple swimming pools, laundry facilities, a sand volleyball court, a fitness center, and 24-hour emergency maintenance.
North Carolina Multifamily - $12,600,000 - Distressed Note Purchase


Torchlight acquired a 140-unit, Class-B, garden-style multifamily complex located in Burlington, North Carolina. The property features one-, two-and-three-bedroom with an average unit size of 1,120 square feet. The property has common amenities including a two-story clubhouse, swimming pool, tennis court, putting green and a dog park.
North Carolina Office - $12,900,000 - Distressed Note Purchase


Torchlight acquired a 130,775 square foot, Class-A office building featuring outdoor executive balconies, floor-to-ceiling windows, on-site security and a ground level restaurant and retail space located in Durham, North Carolina.
Pennsylvania Student Housing - $30,300,000 - Bridge Loan & Preferred Equity


Torchlight provided $30.3 million of senior mortgage and preferred equity acquisition financing on a portfolio of Class A student housing complexes located at three separate universities in Pennsylvania. The portfolio consists of over 1,000 beds across 31 separate buildings at Penn State’s main campus in State College, PA (University Park), Bloomsburg University in Bloomsburg, PA, and Behrend College (Penn State Erie) in Erie, PA.
Santa Fe Retail - $52,100,000 - First Mortgage & Preferred Equity


Torchlight provided $52.1 million of senior mortgage and preferred equity to finance the acquisition of a 570,299 square foot enclosed regional mall located in Santa Fe, New Mexico.
Southeast Hotel Portfolio - $83,400,000 - Senior Mortgage and Mezzanine Loan


Torchlight provided $83.4 million of senior mortgage and mezzanine financing for the acquisition of a three property hotel portfolio containing a total of 826 keys. The hotels are located in the urban markets of New Orleans, Orlando and Tampa and each feature unique demand fundamentals catering to a variety of visitor profiles.
Spokane Office Portfolio - $13,100,000 - Equity


Torchlight acquired a flex and office complex located in Liberty Lake, Washington. The Spokane Office Portfolio is comprised of two, Class-B office buildings that total 290,635 square feet. The property features office, warehouse, and cafeteria space, and includes 100,000 SF of surplus land, with the potential for future development.
Sun Tech - $12,000,000 - Equity


Torchlight acquired a Class B multi-tenanted flex/office complex located approximately 15 miles north of the Central Business District of Orlando, Florida. The office complex is comprised of a three-story office building and five, single story flex buildings totaling 223,828 square feet located on a 19.5 acre site.

DISCLAIMER: Properties shown represent all unrealized private commercial real estate transactions with acquisition commitments of $10 million or more made by Torchlight from Q3 2012 forward. This listing does not represent all investments made for or recommended to clients and is therefore subject to important limitations. Terms shown are necessarily highlights only. The portfolio is dynamic and subject to change without notice; other transactions, including those we may make in the future, may differ materially from those shown. Past performance cannot guarantee future results. While Torchlight believes the information provided is accurate, neither Torchlight nor any of its affiliates makes any representation, warranty or guaranty as to the accuracy or completeness of the information. By accessing or reviewing any of the information on this website, you expressly acknowledge and agree to the foregoing. Should you need additional information pertaining to a particular property, please contact Torchlight.