Featured Loans

Kiewit Energy Office Building

Woodlands, TX
$ 23,000,000 American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $23,000,000 refinancing of the Kiewit Energy Office Building located in the Woodlands, Texas. The property consists of a four-story building comprised of 95,078 rentable square feet of office space which is 100% leased to Kiewit Energy Group and is served by 350 parking spaces.

Distribution Center

Ridgeway, SC
$18 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed an $18,000,000 cash-out refinance of a 313,091 Liquor Distribution center in Ridgeway, SC. The 43-acre property is positioned well for access to major highways and houses a 1 mile conveyor system. American Real Estate Capital was able to work around a significant number of storage tanks and changing ownership structure to deliver a timely closing.

Marriot Franklin Cool Springs Hotel

Franklin, TN
$52.1 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has provided $52,160,000 in acquisition financing for the Marriot Cool Springs Hotel, which consists of 300 hotel rooms, 3 dining outlets, a fitness center, business center, indoor pool, sundry shop, and three concierge floors. The property is located in the affluent Franklin submarket approximately 20 minutes south of downtown Nashville, Tennessee.

Chase Park Plaza Hotel

St. Louis, Missouri
$62.5 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $62,500,000 refinancing of the Chase Park Plaza Hotel. The property consists of a full service 338 room hotel, 51 executive apartments, features 50,243 square feet of ballroom and meeting room space including the new 30,000 square foot Conference Center, 36,017 square feet of retail and office space, an 18,000 square foot state-of-the-art fitness center, four food and beverage outlets, and 660 parking spaces located in 2 garages.

Orchard Supply Hardware

Tigard, OR
$6 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $6,000,000 refinance of the Orchard Supply Hardware (OSH) store. This single tenant retailer, a division of Lowe’s (S&P “A” credit rating), leases this 40,000SF facility through 2028 providing a long term commitment to this location. The Lender provided a 9 year fixed rate loan with “full-term interest only” payments. As a result of the tenant’s NNN lease, no taxes or insurance reserves are required by Lender. The property’s LTV at the time of closing was 65%.

All Seasons West Bloomfield Senior Community

West Bloomfield, MI
$22 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $22,000,000 refinance of the All Seasons West Bloomfield Senior Community, which consists of a 125 unit independent living community. The Lender structured its loan for this newly constructed facility to provide future advance findings upon achievement of performance thresholds. The 9.6-acre property is located near prime shopping, Henry Ford Hospital, and the Jewish Community Center. West Bloomfield Township is approximately 25 miles northwest of Detroit with close access to Highway 10 and the I-696 Loop.

Mountain View Retirement Village

Tucson, AZ
$20 million "American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $20,000,000 refinance of Mountain View Retirement Village, The Property is comprised of 54% Independent Living (102 units) and 46% Assisted Living (86 Units). The 9.93-acre was built was developed in 2000 and was 95% occupied at closing."

Stop-N-Go Apartments

Fargo, ND
$11.1 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed an $11,100,000 refinance of this 75 unit, Class-A multi-family development. This four-story mixed use facility is comprised of 25,641 square feet of commercial space on the first floor and 75 apartment units located on floors 2 thru 4. The property is located across the street from the Fargodome; home of the North Dakota State University (“NDSU”) football and athletic programs. NDSU is a public, land grant research university.

Xactware

Salt Lake City, UT
$34 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $34,000,000 loan to establish permanent financing on the recently constructed Xactware HQ Office Building. The development consists of two, four-level Class A office buildings totaling 200,000 square feet.

Residences at Pearland Town Center

Pearland, TX
$15.6 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $15,600,000 acquisition financing of the Residences at Pearland Town Center consisting of a 172 unit, luxury Class A multifamily community situated in a four story building containing 151,560 square feet. The property was constructed in 2011, sits on 6.13 acres and includes 284 parking spaces. Unit Features include; granite countertops, upgraded appliance package, front load washer/dryer, track and pendant lighting, brushed nickel fixtures, designer flooring, nine-foot ceilings, ceiling fans, patio/balcony, walk-in closets, and mini blinds. Property amenities include an athletic center with spin room, media room, business center, two resort style pools, cabanas with grilling areas, resident lounge, and game room.

Montauk Yacht Club Resort

Montauk, NY
$20 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $20,000,000 refinance of the Montauk Yacht Club Resort, which consists of 107 hotel rooms, 3 restaurants, 3 swimming pools and a marina with 232 slips and 14 mega slips. The 50-acre property is located just east of the Hamptons in the City of Montauk. The original Resort building was developed in 1928 by historic architect/entrepreneur Carl Fisher. Since then additional estates were purchased and incorporated into what now comprises the Montauk Yacht Club Resort.

Miami Beach Marina

Miami Beach, FL
$45 million American Real Estate Capital has completed a $45,000,000 loan to refinance the Miami Beach Marina. The property is a full service marina that can accommodate up to 400 slips and 17 Mega Yachts. In addition, there is 55,000 square feet of retail space, currently 100% occupied. The property is anchored by Texas De Brazil and Monty's. Amenities include high speed fuel pumps, high capacity electrical, concierge service, laundry, pool, and a control tower.

Sandestin Golf and Beach Resort

Miramar Beach, FL
$30 million American Real Estate Capital has completed a $30,000,000 loan for the acquisition of Sandestin Golf and Beach Resort, the leading resort on Florida’s Emerald Gulf Coast. The resort consists of hotel rooms, four golf courses, a marina, and tennis center and gulf beach club.

Town Park Villas

Tampa, FL
$6.5 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $6,500,000 loan for the refinance of Town Park Villas, a luxury townhome community located in Tampa, Florida. Town Park Villas was constructed between 2008 and 2013. The collateral consists of 77 townhomes with a loan structure which permits partial releases. The property consists of spacious three and four-bedroom townhomes averaging 1,550 square feet. Each unit contains modern kitchens, breakfast bars, and attached garages.

Valassis at Sky Harbor

Phoenix, AZ
$8.8 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed an $8,834,761 note acquisition of the Valassis at Sky Harbor, located in Phoenix, Arizona, directly adjacent to the Phoenix Sky Harbor International Airport. The Valassis at Sky Harbor is a 134,955 square-foot, Class A build-to-suit, single-tenant light industrial building leased 100% to a credit tenant. The property was constructed in 2007.

4S Health Center

San Diego, CA
$14.5 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $14,500,000 loan for the refinance of 4S Health Center located in San Diego, California. Constructed in 2012, the property consists of a two-story, Class A medical office building totaling 39,991 square feet. It is 92% occupied, 60% of which is occupied by medical credit tenants.

Le Meridien Stoneleigh Hotel

Dallas, TX
$20 million American Real Estate Capital of Coral Gables FL, an affiliated company of Great American Life Insurance Company, has completed a $20,000,000 loan for the acquisition of Le Meridien Stoneleigh Hotel located in Dallas, Texas. The Stoneleigh is a luxury full-service boutique hotel, which was built in 1923 and extensively renovated in 2007/2008. The property features 170 rooms in addition to penthouse and presidential suites. Amenities include: a restaurant, full-service spa, fitness center, business center, 6,000 square feet of meeting space, valet parking and turndown service. It is located steps away from businesses, museums, boutique shopping, cutting-edge cuisine, and stimulating nightlife.

Whispering Wind Corporate Center

Phoenix, AZ
$8.5 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed an $8,500,000 loan for the acquisition of Whispering Wind Corporate Center located in Phoenix, Arizona. The property was constructed in 2007 and includes two, two-story buildings totaling 75,050 square-feet. It is 100% occupied, 76% of which is occupied by credit tenants.

Semoran CommerCenter

Orlando, FL
$12 million American Real Estate Capital of Coral Gables FL, an affiliated company of Great American Life Insurance Company, has completed a $12,000,000 loan to refinance Semoran CommerCenter located in Orlando, Florida. The property was constructed in 2008 and consists of two single-story Class A Office buildings that contain approximately 119,536 square feet. It is 92% occupied, 49% of which is occupied by credit tenants. The property is located less than three miles from the Orlando International Airport.

Hotel Palomar

Dallas, TX
$31 million "American Real Estate Capital of Coral Gables FL , an affiliated company of Great American Life Insurance Company, announced today that it has completed a $31,000,000 loan financing of Hotel Palomar and Mockingbird Commons Retail Center located near The George W. Bush Library at 5300 East Mockingbird Lane in Dallas, TX. Hotel Palomar is a 198 room full service luxury hotel originally constructed in 1967 and completely renovated in 2006. Amenities include Central 214 Restaurant and Bar, meeting and banquet rooms, business center, outdoor pool and fitness center. Mockingbird Commons Retail Center is 25,830 SF shopping center constructed in 2006 and is located adjacent to Hotel Palomar. Tenants include Exhale Spa, Mint Dentistry, Linda Fain Hatton OD, PA and Salon Pompeo."

Embassy Suites New Orleans

New Orleans, LA
$ The proceeds of this loan were used to facilitate the acquisition of the Embassy Suites New Orleans and to fund PIP renovations. This 370 room full service hotel is located in New Orleans less than a mile from the New Orleans Convention Center, Port of New Orleans, River Walk Market Place, Harrah's Casino, and the world famous Bourbon St. In addition, the 2013 Superbowl will be held 1 mile from the hotel. The hotel offers a restaurant and lobby bar, which is the location for the complimentary manager's reception every night. Amenities include a fitness center, swimming pool, parking and a business center.

Embassy Suites Nashville

Nashville, TN
$ The proceeds of this loan were used to facilitate the acquisition of the Embassy Suites Nashville as well as fund PIP renovations. This 296 room full service hotel is located in Nashville, TN, just immediately north of the Nashville International Airport. The hotel offers fully equipped guestrooms, a full service restaurant, a cocktail lounge, and 7,500 square feet of meeting space, which includes a 4,000 square foot ballroom.

InterContinental Hotel

Tampa, FL
$22 million American Real Estate Capital of COral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $22,000,000 to refinance the InterContinental Hotel, a full service hotel containing 323 guestrooms, located in the heart of Tampa, Fl. The hotel offers 2 restaurants, a cafe bar, 17,000 sq ft of meeting space, a fitness center, and an outdoor pool. The hotel is located 4 miles from downtown Tampa, 3 miles from Tampa International Airport, and directly across the street from the Westshore Plaza mall.

Hilton Jackson

Jackson, MS
$16 million American Real Estate Capital has closed on a $16,000,000 loan in a note acquisition/deed-in-lieu transaction for the Hilton Hotel in Jackson, Mississippi. The 276 room property is a class A hospitality asset and features 27,000 square feet of meeting space. The Hilton Jackson is one of just three brand-affiliated, upper-upscale, full-service hotels in the area. Full-service hotels make up less than 10% of the Jackson market's lodging inventory.

McHenry Row

Baltimore, MD
$43.5 million American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $43,500,000 to refinance the construction loan on McHenry Row, a 194,998 sf Mixed Use Class A Office and Retail project located in Baltimore, MD. McHenry Row is comprised of a 60,988 sf Harris Teeter (Silver LEED), 47,032 sf of retail space and an 86,978 sf office building (Gold LEED) which includes 4,950 sf of retail space. The Office and Retail components are part of a larger master planned mixed-use development containing 250 apartment units (HUD Financed) and 950 parking spaces in 2 garages (financed by a bond floated by the City Parking Authority). The apartments and parking garages are not part of the collateral.

Elitch Gardens

Denver, CO
$45 million American Real Estate Capital has completed a $45,000,000 loan to finance the equity recapture of Elitch Gardens amusement park for CNL Lifestyle Properties, Inc. Elitch Gardens is a 62-acre combination theme and water park comprised of 53 attractions and games, including five major roller coasters, as well as entertainment shows and children’s rides. Elitch Gardens is the only major US theme park located downtown and is a short walk to the Pepsi Center, Coors Field, and INVESTCO’s Mile High stadium.

Willow Lakes Apartments

Katy, TX
$23.5 million American Real Estate Capital has completed a $23,500,000 loan for the refinance of Willow Lakes Apartments. The 372 unit Class A multifamily property was completed in 2008. The property is managed by Greystar.

Convention Center Parking Garage

Philadelphia, PA
$16 million American Real Estate Capital has completed a $16,000,000 loan for the refinance of Convention Center Parking Garage in Philadelphia, Pennsylvania. The 306,377 square foot property is a five story parking garage with 12,286 square feet of ground level retail space developed in 1982. Convention Center Parking Garage is situated beneath a 279 room Hilton Garden Inn, which is adjacent to the Reading Terminal Market and is directly across the street from the Pennsylvania Convention Center, all which act as significant demand drivers for the property.

Santa Monica Pier

Santa Monica, CA
$20 million American Real Estate Capital has completed a $20,000,000 loan for acquisition of Pacific Park at the Santa Monica Pier. Pacific Park is a two-acre amusement park that offers family-style entertainment with 12 rides, 18 midway games as well as multiple attractions, an oceanfront food plaza, entertainment and specialty shops. The Park is located on a nationally known historic Pier and attracts millions of visitors per year.

The Koyo Building

Greenville, SC
$14.3 million American Real Estate Capital has completed a $14,300,000 loan for the acquisition of The Koyo Building, located in Greenville, South Carolina. Constructed in 2006, this two-story, 117,100 square foot Class-A office and lab facility achieved LEED Gold Certification for Core & Shell from the U.S. Green Building Council, the first in South Carolina. The 100% leased property is one of the first on Clemson Universities, CU-ICAR Research Campus

Wild Dunes Resort

Isle of Palms, SC
$31.75 million American Real Estate Capital has completed a $31,750,000 loan for the refinance of the Wild Dunes Resort in Isle of Palms, SC. The Resort consists of the Boardwalk Inn, Sweetgrass Pavilion Convention Center, Village Commons Retail Center, Tennis Club, Beach Club, Swim Center, Harbor Golf Course and the Links Golf Course.

One Greenway Centre

Franklin, TN
$24.5 million American Real Estate Capital has completed a $24,500,000 loan for the acquisition of One Greenway Centre in Franklin, Tennessee. The 154,737 square foot property is a five story Class A office building developed by Crescent Resources in 2008. Jackson National Life Insurance Company has leased 100% of the building, making this location its southeast regional headquarters.

633 Folsom Street

San Francisco, CA
$21 million American Real Estate Capital has completed a $21,000,000 loan for the refinance of 633 Folsom Street in the South of Market neighborhood of San Francisco. The 171,000 square foot, seven story building is 100% leased to California Pacific Medical Center. The property is managed by the Swig Company.

Old Palm Golf Club

Palm Beach Gardens, Florida
$11,000,000 American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed an $11,000,000 loan for the acquisition of Old Palm Golf Club located in Palm Beach Gardens, Florida. Old Palm Golf Club is a private members-only community, which contains approximately 300 single family lots situated on 651 acres of land. To date, approximately 186 homes have been developed between 2004 and 2013. AREC allowed a loan structure which permits partial releases.

Stonebridge at Castle Hill

Lewisville, Texas
$9,250,000 American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $9,250,000 loan for the acquisition of Stonebridge at Castle Hill Senior Living Apartments located in Lewisville, Texas. Constructed in 2009, the subject consists of 151 rental units averaging 947 square feet. Community amenities include a pool with an outdoor heated spa, tennis court, and covered entertainment and lounge areas, a beautifully landscaped courtyard, and planned social activities. The Property also provides door-to-door trash pick-up, pharmacy services, home health, scheduled transportation within a 7-mile radius, and an optional meal plan prepared at an on-site commercial kitchen.

Shoppes at Apollo Beach

Apollo Beach
$7,400,000 American Real Estate Capital has completed a $7,400,000 loan for the acquisition of the Shoppes at Apollo Beach. The 110,089 square foot center is 79% occupied and anchored by Publix and Dollar General. The property is managed by The Ross Realty Group.

Walden at Oakwood Apartments

Flowery Branch, GA
$16,000,000 American Real Estate Capital has completed a $16,000,000 loan for the refinance of Walden at Oakwood Apartments in Flowery Branch, GA. The 300 unit property is a Class A multifamily community completed in 2009.

Oaks at Bentwater Apartments

Rockport, Texas
$12,750,000 American Real Estate Capital has completed a $12,750,000 loan for the refinance of Oaks at Bentwater Apartments in Rockport, Texas. The 200 unit property is a Class A multifamily community completed in 2009.

Jubilee Square

Daphne, Alabama
$15,600,000 American Real Estate Capital has completed a $15,600,000 loan for the acquisition of Jubilee Square in Daphne, Alabama. The 340,000 square foot center is 90% leased, consisting of Steinmart, Rave Motion Pictures, TJ Maxx, Hobby Lobby, and soon to be Dick’s Sporting Goods. The property is managed by Blackwater Management.

Lauderdale Marine Center

South Florida
$57,000,000 American Real Estate Capital has completed a $57,000,000 loan for the refinance of the Lauderdale Marine Center. The marina is the largest boat service facility in south Florida with yacht sales operations, marina, office and boat service and repair facilities, all built within the last twelve years. The facility can accommodate yachts up to 170 feet.

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Closed Transactions

$ 23,000,000

Woodlands, TX

Office

American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $23,000,000 refinancing of the Kiewit Energy Office Building located in the Woodlands, Texas. The property consists of a four-story building comprised of 95,078 rentable square feet of office space which is 100% leased to Kiewit Energy Group and is served by 350 parking spaces.
$18 million

Ridgeway, SC

Industrial

American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed an $18,000,000 cash-out refinance of a 313,091 Liquor Distribution center in Ridgeway, SC. The 43-acre property is positioned well for access to major highways and houses a 1 mile conveyor system. American Real Estate Capital was able to work around a significant number of storage tanks and changing ownership structure to deliver a timely closing.
$52.1 million

Franklin, TN

Hotel

American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has provided $52,160,000 in acquisition financing for the Marriot Cool Springs Hotel, which consists of 300 hotel rooms, 3 dining outlets, a fitness center, business center, indoor pool, sundry shop, and three concierge floors. The property is located in the affluent Franklin submarket approximately 20 minutes south of downtown Nashville, Tennessee.
$62.5 million

St. Louis, Missouri

Hotel

American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $62,500,000 refinancing of the Chase Park Plaza Hotel. The property consists of a full service 338 room hotel, 51 executive apartments, features 50,243 square feet of ballroom and meeting room space including the new 30,000 square foot Conference Center, 36,017 square feet of retail and office space, an 18,000 square foot state-of-the-art fitness center, four food and beverage outlets, and 660 parking spaces located in 2 garages.
$6 million

Tigard, OR

Office

American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $6,000,000 refinance of the Orchard Supply Hardware (OSH) store. This single tenant retailer, a division of Lowe’s (S&P “A” credit rating), leases this 40,000SF facility through 2028 providing a long term commitment to this location. The Lender provided a 9 year fixed rate loan with “full-term interest only” payments. As a result of the tenant’s NNN lease, no taxes or insurance reserves are required by Lender. The property’s LTV at the time of closing was 65%.
$22 million

West Bloomfield, MI

Multifamily

American Real Estate Capital of Coral Gables, FL, an affiliated company of Great American Life Insurance Company, has completed a $22,000,000 refinance of the All Seasons West Bloomfield Senior Community, which consists of a 125 unit independent living community. The Lender structured its loan for this newly constructed facility to provide future advance findings upon achievement of performance thresholds. The 9.6-acre property is located near prime shopping, Henry Ford Hospital, and the Jewish Community Center. West Bloomfield Township is approximately 25 miles northwest of Detroit with close access to Highway 10 and the I-696 Loop.