Case Studies
The Complete Life Cycle

Carnegie Capital has experience and expertise across the entire life cycle of commercial real estate assets.  From land loans to permanent financing, from construction to cash out and from bridge to acquisition, JD and David have the tools and the lenders to source and structure the best-fit financing for your project needs.  The below examples offer a glimpse into some of what Carnegie has accomplished to date and can do for your project.

LAND LOAN


Financing Type: Bridge Refinance

Asset Type: Land

Unit Count: N/A

Loan Amount: $930,000

Lender Type: Community Bank

State: Virginia

Carnegie helped this first-time developer buy out his investor and regain control of the project and its planned development. Carnegie facilitated a quick close with the community bank and simultaneously sourced the construction financing.




CONSTRUCTION


Financing Type: Land Refi & Construction

Asset Type: Multifamily

Unit Count: 40

Loan Amount: $6,400,000

Lender Type: Bank / Credit Union

State: Tennessee

Carnegie sourced, structured and closed this 80% LTC construction loan for a multifamily project in the Midsouth and simultaneously closed a 70% LTV cash-out land loan on the adjacent lot to complete the capital stack.




BRIDGE UPON C/O


Financing Type: Bridge Refinance

Asset Type: ALF/MC/SNF

Unit Count: 115

Loan Amount: $15,330,000

Lender Type: Community Development Fund

State: Idaho

Carnegie structured this bridge refinance to pay off the maturing construction loan, cover GC overages and replenish reserves. The loan contained an earn-out provision with an option to convert into a min-perm.




CASH-OUT REFINANCE


Financing Type: Mini-Perm Refinance

Asset Type: Skilled Nursing

Unit Count: 43

Loan Amount: $4,000,000

Lender Type: Bank / Credit Union

State: Kansas

Carnegie worked with a local bank to provide a cash-out refinance for this family owned and operated skilled nursing facility. The note rate was fixed for this 10-year mini-perm loan.




PERMANENT REFINANCE


Financing Type: Permanent Refinance

Asset Type: Skilled Nursing

Unit Count: 80

Loan Amount: $5,600,000

Lender Type: HUD

State: Illinois

Carnegie guided first-time HUD borrowers through processing, appraisal, application, commitment and rate lock to secure long-term, fixed-rate, non-recourse, self-amortizing financing. The loan was structured to enable the future expansion of the facility on its neighboring parcel.




ACQUISITION


Financing Type: Acquisition - Rehab

Asset Type: Assisted Living & Memory Care

Unit Count: 379

Loan Amount: $18,580,000

Lender Type: Community Development Fund

States: Oregon and Washington

Carnegie closed on this portfolio acquisition of eight under-performing, scattered-site assets. The loan was 73% of total costs including funds for rehab. This note carries an interest only fixed-rate with an option to convert to a mini-perm upon stabilization.





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Austin, TX 78735

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