Partners Capital Solutions Inc. has increased to $27,000,000 its programmatic, Build-to-Suit financing commitment to Dynamic Development Company, LLC to build new stores for national chain retailers.
CALABASAS, Calif., Feb. 6, 2014 /PRNewswire/ — Partners Capital Solutions, Inc. today announced it has increased to $27 million it’s programmatic, Build-to-Suit financing commitment to Dynamic Development Company, LLC. Over the past 18 months Dynamic Development has developed 12 stores in California and Nevada for national chain retailer clients, including Dollar General and 7-11, under this programmatic financing relationship. Most have been triple net, ground-up stores financed with both debt and equity capital from PCS.
“Our clients are expanding rapidly. We knew we could develop as fast as they wanted, but lenders can be unpredictable so trying to finance unit by unit could have derailed the deal,” said David Lich, Chief Financial Officer of Dynamic Development. “We needed to find the right capital provider, and we did. PCS’s program lets us move at our fast pace, confidently.”
Mr. Lich continued, “with PCS, great service is the rule. They know our business as well as we do, and maybe better in some situations, so more than a lender they’re a resource. We’re not re-creating the wheel with each transaction, so we can put new deals together in days instead of months. In our niche, being able to move quickly gives us a real advantage. And when we’re in a rush, PCS will move mountains to put it together on the schedule we need.”
According to Michael Klein, Managing Director and Chief Operating Officer of PCS, “when Dynamic Development came to us they had an opportunity to build out multiple units if they could meet the retailers’ aggressive schedules. We looked at their needs and developed a program that gives them certainty of execution on the financing, and frees them up to focus on meeting their customers’ needs for a quick roll out of multiple locations. PCS was able to fund 5 locations in just 7 weeks, with the quickest going from leased to a closed deal in just 5 business days.”
About Partners Capital Solutions, Inc:
Partners Capital Solutions (http://www.PartnersCapitalSolutions.com), a private portfolio capital provider, creates sophisticated, structured financing solutions for real estate professionals with commercial and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
About Dynamic Development Company, LLC:
Dynamic Development Company (http://www.DynamicDevCo.com) is a full-service real estate development firm dedicated to managing the entire development process from concept through completion. Dynamic Development specializes in the development and construction of custom-built commercial projects from general retail to land development. Established in 1995, the company brings many years of experience, expertise and excellence in the field to every project it undertakes. With a combined total of over 100 years of construction and development experience, its team members incorporate creativity, talent and proficiency into all phases of each project. Dynamic Development’s expertise in evaluating concepts and implementing ideas allows for expert execution from initial design steps through timely completion.
SOURCE Partners Capital Solutions, Inc.
RELATED LINKS
http://www.partnerscapitalsolutions.com
Partners Capital Solutions, Inc. today announced funding its first hotel transaction, $9 million in financing for the acquisition of a 118-room hotel in Odessa, Texas, by an unnamed investor
CALABASAS, Calif., Nov. 14, 2013 /PRNewswire/ — Partners Capital Solutions, Inc. has funded a $5.2 Million bridge loan for Yuma Mesa LLC to acquire and renovate a major retail center in Yuma, Arizona. The property is at the corner of 4th Avenue and 16th Street, one of Yuma’s busiest intersections, and the retail center is anchored by one of the highest grossing Big Lots stores in Arizona and by Del Sol Market.
The hotel was performing well, and is at an excellent location in Odessa. An investor identified an opportunity to acquire the hotel at a cap rate over 20% and unencumbered of management, but the deal had to close very quickly. The investor called PCS because he was familiar with the company and knew PCS had recently launched its hospitality fund to provide financing for hotels. PCS quickly evaluated the deal, identified an appropriate capital structure to meet the client’s needs at 75% LTC, and closed on time.
“PCS saw an opportunity in hospitality and we brought in a hotel expert to lead it so we can provide the same superior level of expertise and service our clients expect, in this new real estate segment,” said Mike Klein, Managing Director and Chief Operating Officer of PCS. “Bruce Stein brings to PCS over 25 years experience in all aspects of real estate ownership and development and ten years specifically in hospitality.”
“PCS is committed to growing our financings in the hospitality sector, and this deal in Odessa is a great start” according to Bruce Stein, Managing Director, Hospitality for PCS. “We continue to seek opportunities to solve complex financing needs of proven hotel operators and investors with deals from $2.5 million to $10 million in the Western United States.”
For more information on Partners Capital Solutions, located in Calabasas, CA, please call Mike Klein at 818.676.3337, or visit http://www.PartnersCapitalSolutions.com. For more information on Partners Capital Solutions hospitality financing, please call Bruce Stein at 818.991.2717.
About Partners Capital Solutions, Inc:
Partners Capital Solutions (http://www.PartnersCapitalSolutions.com), a private portfolio capital provider, creates sophisticated, structured financing solutions for real estate professionals with commercial, hospitality and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
Contact Information
Bruce Stein
Partners Capital Solutions, Inc.
BStein (at) PCS-Funds (dot) com
818.991.2717
Partners Capital Solutions Inc. has funded a $5.2 million bridge loan for Yuma Mesa LLC to acquire and renovate a major retail center at 4th Avenue and 16th Street, one of the busiest intersections in Yuma, Arizona.
Calabasas, CA (PRWEB) October 29, 2013 — Partners Capital Solutions, Inc. has funded a $5.2 Million bridge loan for Yuma Mesa LLC to acquire and renovate a major retail center in Yuma, Arizona. The property is at the corner of 4th Avenue and 16th Street, one of Yuma’s busiest intersections, and the retail center is anchored by one of the highest grossing Big Lots stores in Arizona and by Del Sol Market.
Crossroads Prime Commercial Inc., Yuma Mesa LLC’s managing member, has been working with the City of Yuma for over a year to improve traffic flow and access to the retail center. With forty years of experience in Arizona commercial real estate, they have a plan and are eager to resolve the access issues and redesign the property to realize its full potential as a major retail center at this very high traffic intersection.
“This 4th and 16th corner location has long been a primary corner in Yuma, and we look forward to bringing it up to new standards. If all goes well, Yuma Mesa will serve as the anchor to a new redevelopment area that the City of Yuma is undertaking along 4th Avenue to the North,” said Mr. Will Clark, a Principal of Crossroads Prime Commercial.
Mr. Clark added, “PCS has been a great partner to work with because they really understand the development process. They were patient in due diligence and flexible with an evolving financing plan. We couldn’t be happier with the successful financing they provided for this acquisition.”
“There are excellent redevelopment opportunities for two building pads on-site, and we already are in lease negotiations with strong tenants. PCS’s loan also will fund improvements to the center’s parking lot and landscaping. When we’re done this well-established retail center will bring a fresh, new look and feel to the area,” Mr. Clark concluded.
For more information on Partners Capital Solutions, located in Calabasas, CA, please call Michael Klein at 818.676.3337, or visit http://www.PartnersCapitalSolutions.com.
About Partners Capital Solutions, Inc:
Partners Capital Solutions, a private portfolio capital provider, creates sophisticated, structured financing solutions for real estate professionals with commercial and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
Contact Information
Michael Klein
Partners Capital Solutions Inc.
MKlein(at)PCS-Funds(dot)com
818.676.3337
C. William Clark, Jr.
Crossroads Prime Commercial Inc.
wclark(at)crossroadsprime(dot)com
858.452.7170
Partners Capital Solutions Inc. today announced that it has provided debt and equity financing for the purchase of Roddy Ranch, a 1,885-acre ranch in Antioch, California, for an undisclosed sum. PCS structured a solution and funded the complex, multi-party deal within 12 days.
Calabasas, CA, August 31, 2013 — Partners Capital Solutions, Inc. today announced that it funded in just twelve days the multi-million dollar debt and equity financing required for Roddy Ranch LLC to acquire Roddy Ranch, an 1,885-acre ranch in Antioch, California, for an undisclosed sum. The ranch, at the foot of Mount Diablo, is mostly open space situated between a series of public lands and regional parks, and had a development agreement with the city for up to 700 luxury homes.
Environmentalists long had wanted to see the property preserved, and the East Bay Regional Park District viewed it as a unique opportunity to connect a string of existing parks and public open spaces. Roddy Ranch LLC stepped in and negotiated a complex deal to acquire the ranch, worked closely with the park district, and arranged an option for the sale of the property to the district.
To finance the acquisition, Roddy Ranch LLC was working with three different capital providers: a senior lender, a mezzanine lender and an equity partner. As the closing date neared it became clear that the capital providers had different priorities and efforts to align them weren’t progressing quickly enough. Roddy Ranch LLC grew concerned it might not be able to close if any one of the financiers fell out at the last minute, and reached out to one of its advisors. The advisor referred them to PCS who, with only 12 days left to close, accepted the challenge.
Recognizing the client’s situation as a rare, perishable opportunity, PCS assembled its team and quickly structured a complete, debt and equity financing solution that provided Roddy Ranch LLC with all of the capital it needed to acquire the ranch. The deal closed on time, just twelve days later, paving the way for the park district to have a valuable option to make Roddy Ranch a public park and be preserved as open space.
For more information on Partners Capital Solutions, located in Calabasas, CA, please call Mike Klein at 818.676.3337, or visit http://www.PartnersCapitalSolutions.com.
For more information on Partners Capital Solutions, located in Calabasas, CA, please call Michael Klein at 818.676.3337, or visit http://www.PartnersCapitalSolutions.com.
About Partners Capital Solutions, Inc:
Partners Capital Solutions, a private portfolio capital provider, creates sophisticated, structured financing solutions for real estate professionals with commercial and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
Contact Information
Michael Klein
Partners Capital Solutions
MKlein@PCS-Funds.com
818.676.3337
Partners Capital Solutions has funded a $1.7 million construction loan for Heyday Partnership to build Peak Place, 6 LEED-Certified homes, in Glassell Park neighborhood of Los Angeles.
LOS ANGELES, July 25, 2013: Partners Capital Solutions, Inc., (http://www.PartnersCapitalSolutions.com) has funded a $1,700,000 construction loan to finance Peak Place, a development of six LEED-certified homes in the Glassell Park neighborhood of Los Angeles. The loan will finance 76% of construction costs for the project sponsor, Heyday Partnership.
“PCS gets it, and they save us time and aggravation all around,” said Hardy Wronske, a Partner of Heyday. “We didn’t have to explain to them the specialized projects we do, they understood right away. The first project with PCS we closed the loan in three weeks and draws were quick and easy. I spent my time on the job, not filling out piles of paperwork. And financing the second and third projects with them was even faster and easier,” he added. Heyday Partnership has turned to Partners Capital Solutions to finance its last three developments, including Peak Place.
For more information on Partners Capital Solutions, located in Calabasas, CA, please call Mike Klein at 818.676.3337, or visit http://www.PartnersCapitalSolutions.com.
About Partners Capital Solutions, Inc:
Partners Capital Solutions (http://www.PartnersCapitalSolutions.com), a private portfolio capital provider, creates structured financing solutions for real estate professionals with commercial and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
About Heyday Partnership:
Heyday Partnership (http://www.Heyday-LA.com) is a design/build/develop firm dedicated to improving the quality of building in working class neighborhoods throughout Los Angeles through design that is optimized for construction, financing, and living.
Contact Information
Michael Klein
Partners Capital Solutions
MKlein@PCS-Funds.com
http://www.PartnersCap
Kevin Wronske
Heyday Partnership
Kevin@Heyday-LA.com
http://www.Heyday-LA.com
323.309.2042
Some Recent PCS Transactions Are Summarized Below
$1,654,000
Retail Build-to-suit
Phoenix, AZ
$1,270,000
Multi-tenant Retail Center
Phoenix, AZ
$7,550,000
Single Tenant Build-To-Suit
Riverside County, CA
$13,917,000
Multi-tenant Retail Buil-To-Suit
Las Vegas, NV
$2,440,000
13-unit Apartment Project
Los Angeles County, CA
$2,650,000
8-unit Townhomes
Los Angeles County, CA
$2,500,000
Single Family Fix and Flip
San Bernardino County, CA
$4,589,000
15-unit Townhomes
San Diego County, CA
$3,205,000
Residential Subdivision
Los Angeles County, CA
$1,580,000
Construction Loan
Multi-tenant Retail Center
Maricopa County, AZ
$11,000,000
Single Family Fix and Flip
Northern California
$1,170,000
Multi-tenant Retail Center
Santa Cruz County, CA
$650,000
Multi-tenant Industrial
Los Angeles County, CA
$4,000,000
Single Family Fix and Flip
Northern California
$6,800,000
28 Unit Apartment
Acquisition/Renovation
Hollywood, CA
$3,500,000
2 Luxury Single Family Homes
Santa Monica, CA
$27,000,000
Multi-Site Programmatic Build to Suit
California and Nevada
$640,000
Industrial
Covina, CA
$10,000,000
Notes
Nationwide
$3,750,000
Hotel
Missoula, MT
$2,600,000
Single Family Home
Los Angeles, CA
$1,845,000
Retail Build to Suit
Lake Los Angeles, CA
$1,220,000
Single Family Home
Arcadia, CA
$5,000,000
Retail Build to Suit
Nationwide
$1,900,000
Retail Build to Suit
California
$1,500,000
Multi-Family Homes
Los Angeles, CA
$2,570,000
Retail
Redlands, CA
1,690,000
Retail Build to Suit
Perris, CA
$1,682,000
Retail Build to Suit
Akron, OH
$2,820,000
Industrial
Round Rock, TX
$1,015,000
Retail Build to Suit
Compton, CA
$1,320,000
Retail Build to Suit
Bellflower, CA
$1,035,000
Single Family Home
Studio City, CA
$640,000
Multi-Family Home
Los Angeles, CA
$1,880,000
Retail Build to Suit
Highland, CA
$1,700,000
$4,200,000
Retail Center
Phoenix, AZ
$1,700,000
Single Family Home
Paradise Valley, AZ
$1,830,000
Retail Build to Suit
California
$7,000,000
Member Interest – Reverse 1031 Exchange
Los Angeles, CA
$1,400,000
Retail
Lake Elsinore, CA
$1,910,000
Retail Build to Suit
San Antonio, TX
$9,000,000
$5,200,000
$9,250,000
Multi-Phase Tract Development
San Gabriel Valley, CA
$5,000,000
Single Family Homes
Nevada
$multi-millions
Land Pre-Sold to Viable Buyer
Roddy Ranch, Antioch, CA
$2,500,000
Single Family Home
California
$1,285,000
Retail
California
$2,240,000
Retail
California
$3,370,000
Retail Build to Suit
California
$5,000,000
Single Family Homes
Nevada
$2,500,000
Retail Build to Suit
Berkeley, CA
$4,080,000
Single Family Home
California
$5,144,000
Single Family Home
California
$2,500,000
Single Family Home
California
$5,840,000
Retail
California
$1,700,000
$2,175,000
Purchase, Renovation & Sale of Custom Home
West Los Angeles, CA
$4,000,000
Single Family Home
California
$3,463,000
Single Family Home
California
$1,640,000
Retail Build to Suit
California
$470,000
Purchase Land to Build SFR’s
California
$3,000,000
Single Family Home
California
$4,000,000
Purchase & Retire Bank Debt on a Stabilized Apartment Building
Reno, NV
$3,000,000
Single Family Homes
California
$1,495,000
Self-Storage Facility
Las Vegas, NV
$10,000,000
Purchase Notes – 9 Property Portfolio in 7 States
Multi-State
$1,500,000
Single Family Home
California
$9,910,000
Reverse Build to Suit Retail
Covina, CA
$1,650,000
Retail Build to Suit
Nevada
$3,000,000
Stabilized Retail Center
Los Angeles, CA
$2,000,000
Single Family Home
Arizona
$1,320,000
Retail Build to Suit
California
$1,717,000
Single Family Home
California
$3,000,000
Single Family Homes
California
$5,500,000
Single Family Homes
California
$1,640,000
Retail Build to Suit
Nevada
$3,425,000
Retail
Louisiana
$1,000,000
Single Family Home
California
$1,964,000
Retail Build to Suit
California
$2,000,000
Single Family Home
California
$1,725,000
Retail Build to Suit
California
$3,500,000
Retail
Nevada
$1,300,000
Retail Build to Suit
California
$8,400,000
Single Family Home
California
$1,180,000
Retail Build to Suit
California
$1,600,000
Retail Build to Suit
California
$6,800,000
Retail
California
$1,800,000
Retail Build to Suit
Texas
$6,900,000
Office
California
$1,000,000
Single Family Home
California
$3,000,000
Purchase Notes – 13 Units
Multi-State
$1,700,000
Single Family Home
California
$1,285,000
Retail Build to Suit
California
$1,400,000
Phase 2 of Semi-Custom Single Family Homes
Riverside County, CA
$835,000
Retail Build to Suit
Gadsden, Alabama
$1,130,000
Retail
Las Vegas, NV
$5,000,000
Single Family Home
California
$1,000,000
Single Family Home
California
$1,250,000
Land
West Hills, CA
$1,000,000
Single Family Home
Los Angeles, CA
$1,250,000
Single Family Home
Livermore, CA
$2,111,000
LEED Certified Single Family Home
Silver Lake, CA
$1,000,000
Single Family Home
East Bay, CA
$3,000,000
Pool of Rental Single Family Homes
East Bay, CA
$1,500,000
Single Family Home
Los Angeles, CA
$1,000,000
Single Family Home
Fresno, CA
$3,280,000
Purchase, Reposition &
Hold 2 Self Storage
Facilities
Fort Worth, TX
$4,225,000
Purchase Notes
Reno, NV
$4,000,000
50% Vacant Multi-Tenant Industrial Park
Katy, TX
$2,100,000
Build to Suit Leased Office Building
Washington
$2,500,000
Single Family Home
California
$578,000
Build to Suit Retail
South Carolina
$3,750,000
Single Family Home
California
$3,691,000
15 Unit SFR Project See Land Loan to DC Corp
California
$1,950,000
Single Family Home
California
$1,445,000
Purchase Notes
California
$1,000,000
Single Family Home
California
$2,000,000
Single Family Home
California
$1,500,000
JV to Help Private Lender Raise More Capital
Bay Area, CA
$2,200,000
Retail Center
Texas
$1,525,000
5 Semi-Custom Single Family Homes
Riverside County, CA
$1,600,000
Purchase Investment Property
San Antonio, TX
$1,885,000
Purchase Notes
California
$2,000,000
Single Family Home
Riverside County, CA
$1,000,000
Single Family Home
Los Angeles, CA
$1,000,000
Single Family Home
Los Angeles, CA
$1,000,000
Single Family Home
Los Angeles, CA
$2,000,000
Single Family Home
Los Angeles, CA
$2,000,000
Purchase Notes
Covina, CA
$800,000
Multi-Family Residential
Los Angeles, CA
$709,000
Land Loan for Construction Project
Baldwin Park, CA
$1,911,000
Single Family Home
Baldwin Park, CA
$1,250,000
Purchase Notes
Los Angeles, CA
$1,100,000
Purchase Notes
Dallas, TX
$1,250,000
Single Family Home
Los Angeles, CA
$3,000,000
Single Family Homes
Los Angeles, CA
$1,380,000
Resume Construction of Stalled Townhouse Project
Baldwin Park, CA
$3,830,000
Build to Suit Office Building
Sierra Vista, AZ
$2,200,000
Gasoline Station
Oregon
$1,000,000
Single Family Home
Los Angeles, CA
$2,000,000
Single Family Home
Los Angeles, CA
$4,000,000
Multiple Property Types – SFR/Lots/RV Park
Ventura County, CA
$1,500,000
Single Family Home
Riverside County, CA
$2,500,000
Single Family Home
Kern County, CA
$5,000,000
Single Family Home
Orange County, CA
$2,000,000
Single Family Home
Ventura County, CA
$1,000,000
Single Family Home
Los Angeles, CA
$2,000,000
Single Family Homes
Los Angeles, CA
$5,500,000
Build to Suit Office Building
Victorville, CA
$3,000,000
Single Family Home
Los Angeles, CA