Saratoga Springs Apartment Complex

Pointe West Business Park
September 21, 2019
Portales I and II
September 21, 2019

Institutional Equity: $9,700,000
Mezzanine Debt: $4,500,000

Knightsbridge recently arranged two separate components of financing to provide up to 99% of the total capitalization to fund the acquisition and rehabilitation of a 856-unit apartment project in Phoenix, Arizona.

Knightsbridge overcame the following challenges:
  • Market fundamentals that had just begun to strengthen in the Phoenix area.
  • Coordinating three separate institutional capital providers within the time constraints of a tight closing deadline.
  • First institutional joint venture for the sponsoring entity.