Knightsbridge arranged a $9,000,000 construction loan on an unanchored, non-traditional retail center

• Property was a “pad-only” horizontal development with pads intended to be leased or sold to retail users
• Knightsbridge negotiated partial release provisions to allow for the sale of individual pads
• While there was significant user interest by closing, many of the pre-lease/pre-sale transactions were still pending
• Recourse was provided by a fund entity, not a “warm body”