The problem
I raised a $7.1M fund to invest in the LAX Hyatt project and managed it through to full repayment. Then the investors needed the capital redeployed, on a deadline, into something that would perform.
What I did
I redeployed it as a preferred equity investment into a stabilized 87-unit building over ground-floor retail in the Central West End of St. Louis, near Washington University and the BJC medical campus. I underwrote it, structured it, and monitor it monthly. The building has performed, and the investors got what they were promised.
The details
| Fund | $7.1M |
|---|---|
| My role | Raised, managed, redeployed |
| First investment | LAX Hyatt, repaid in full |
| Current asset | Central West End, St. Louis |
| Building | 1911 construction, fully redeveloped 2016 |
| Asset | 87 units + ~10,000 SF retail, stabilized |
| Structure | Preferred equity |
More projects
Private Equity · BeijingMing Yang Wind PowerI found it, and I took it public.Own & Operate · Santa FePaseo RetreatNobody wanted it. The scope that scared everyone off is what made it cheap.Hotels · Capital MarketsWaldorf Astoria Beverly HillsA $400M luxury hotel in Beverly Hills needed a mezzanine loan.