Concord Summit Capital

CSC has closed on $75 million in construction completion financing (85% LTC) for a luxury multifamily community in Charlotte, NC. The funds will be used to refinance the existing land loan and complete construction of the project. The development faced financial challenges when the initial lender could no longer fund. Concord Summit stepped in and restructured the capital stack by bringing in a new lender to complete the project on time and on budget – leveraging the firm’s expertise in structured finance. Both lender and sponsor prioritized keeping construction on track and building a relationship. Capitalizing on an under-amenitized submarket, the project offers standout features designed to ensure a quick lease-up. Residents will enjoy a resort-style pool and sun deck, a rooftop terrace with Uptown Charlotte skyline views, a state-of-the-art fitness center with yoga and spin studios, private work and conferencing spaces, secure garage parking with EV charging stations, a top-floor lounge with chef's kitchen and bar area, dedicated bike parking with on-site repair shop, a dog park with spa, high-speed Wi-Fi throughout, and elevators seamlessly connecting parking to corridors. CSC Managing Director Daniel J. Eidson, CFA sourced the financing on behalf of the sponsor. Reach out to Daniel on our finance deal team for more information on this transaction or for help financing your next deal! #CapitalMarkets #CRELoans #CapitalMarkets #RealEstateFinance #Closings #RealEstateDevelopment #MultiFamilyDevelopment #ConstructionLoans #ConstructionFinance #CharlotteRealEstate #NorthCarolinaRealEstate #CarolinasRealEstate

Concord Summit Capital has arranged a high-leverage, non-recourse construction loan for an affordable multi-family development in Los Angeles, CA.   CSC was able to secure attractive fixed-rate financing at 75% LTC with no recourse to the sponsor and with no appraisal required. With this financing, the sponsor will be able to deliver much-needed affordable units to help relieve the city’s housing crunch.   Concord Summit Capital Director John Choi sourced the financing on behalf of the sponsor. Reach out to John on our finance deal team for more information on this transaction or for help financing your next deal!   #CapitalMarkets #RealEstateFinance #Closings #RealEstateDevelopment #MultiFamilyDevelopment #AffordableHousing #AffordableHousingFinance #ConstructionLoans #ED1

Concord Summit Capital has arranged $20 million in senior financing to refinance the Bayfront Parking Garage, an operating 6-story parking garage with 753 spaces located at 255 NE 1st Street, Miami, FL 33131. The Owner acquired the property in 2021 with the plan to operate and potentially re-develop. The property consists of 0.86 acres with T6-80-0 zoning allowing a tremendous development opportunity for up to 800 residential units and 120 hotel rooms. This financing allows the owner the flexibility and timeframe to further develop their business plan. Concord Summit Capital Managing Director Justin Neelis sourced the financing on behalf of the owner. Reach out to Justin Neelis our finance deal team for more information on this transaction or for help financing your next deal! #capitalmarkets #realestatefinance #closings #realestatedevelopment #creloans

Concord Summit Capital arranged $26.8 million of total construction financing for Del Prado Place, a mixed-use condominium development in Dana Point, Calif., a coastal community located in Orange County, about halfway between Los Angeles and San Diego. Concord Summit sourced a $17 million Senior Construction loan and $9.8 million in CPACE financing. Del Prado Place will offer 18 spacious one- and two-bedroom condominiums, as well as 5,200 square feet of ground-floor retail. The developer, Newport Beach-based Westerre, is a privately-owned real estate company focused on mixed-use and residential development opportunities throughout the United States. Concord Summit Capital Director Tyler Beauregard sourced the financing on behalf of the developer. Construction of Del Prado Place will begin in mid-January and completion is expected in the second quarter of 2025. Reach out to Tyler Beauregard our finance deal team for more information on this transaction or for help financing your next deal! #capitalmarkets #realestatefinance #closings #constructionloans #cpace #constructionfinance #condominiumfinance #realestatedevelopment #socalrealestate #danapoint #creloans #construction

Concord Summit Capital has arranged a $24.5 million loan on a boutique condominium project in Miami known as Visions at Brickell Station. The financing consists of $5.5 million for land acquisition and $19 million for construction costs. David Larson and Keegan Burger from the firm’s Miami office sourced and arranged the financing on behalf of developer Urban Network Capital Group. Miami-based Urban Network created the Visions brand used for its affordable-luxury residential communities. The eight-story Visions at Brickell Station, located at 1136 SW 3rd Avenue in Miami, will consist of 111 studios, junior suites and one-bedroom homes. Owners will be able to rent their units with no restrictions at their own discretion or by utilizing a professionally managed hotel booking system. Reach out to David Larson or Keegan Burger on our finance deal team for more information on this transaction or for help financing your next deal! #capitalmarkets #realestatefinance #closings #constructionloans #constructionfinance #condominiumfinance #realestatedevelopment #miamirealestate #brickell #southfloridarealestate #creloans #construction

Concord Summit Capital has arranged a $24.5 million loan on a boutique condominium project in Miami known as Visions at Brickell Station. The financing consists of $5.5 million for land acquisition and $19 million for construction costs. David Larson and Keegan Burger from the firm’s Miami office sourced and arranged the financing on behalf of developer Urban Network Capital Group. Miami-based Urban Network created the Visions brand used for its affordable-luxury residential communities. The eight-story Visions at Brickell Station, located at 1136 SW 3rd Avenue in Miami, will consist of 111 studios, junior suites and one-bedroom homes. Owners will be able to rent their units with no restrictions at their own discretion or by utilizing a professionally managed hotel booking system. Reach out to David Larson or Keegan Burger on our finance deal team for more information on this transaction or for help financing your next deal! #capitalmarkets #realestatefinance #closings #constructionloans #constructionfinance #condominiumfinance #realestatedevelopment #miamirealestate #brickell #southfloridarealestate #creloans #construction

Concord Summit continues to close construction loans in a challenged environment to provide high-leverage financing on projects nationwide! Daniel J. Eidson, CFA of Concord Summit Capital's Denver office has arranged $23.5 million of total construction financing for ‘The Mark’, a for-sale condominium development in Cumberland Foreside, an exclusive neighborhood near the coast in Cumberland, Maine. The financing includes a $17.8 million senior construction loan, a $5.7 million mezzanine investment, and a future commitment for $5.5 million of C-PACE funding. The project was more than 40% complete at closing, and by providing the sponsor with a 92% LTC loan, Concord Summit Capital was able to finance 100% of the remaining construction costs and repay the existing land loan. Contact Daniel J. Eidson, CFA on our CSC structured finance deal team for more information on this transaction or for help financing your next deal! #CapitalMarkets #RealEstateFinance #Closings #ConstructionLoans #CPACE #ConstructionFinancing #CRELoans #CRE #CREFinancing #RealEstateDevelopment #StructuredFinance #MaineRealEstate #CumberlandRealEstate #Construction