Miami Beach Hotel

A luxurious AAA Five Diamond resort, valued at $300 million, stands in the heart of South Beach, recognized for its opulent accommodations, top-tier amenities, and an ideal location. With 1,047 guestrooms and suites that feature elegant decor, marble bathrooms, floor-to-ceiling windows and mesmerizing city and ocean views, it offers unrivaled comfort and luxury. Among these, the Presidential Suite stands out as the largest in South Beach. The hotel offers a wealth of amenities like a spa and fitness center, two swimming pools, a rooftop bar, and diverse restaurants catering to varied culinary tastes. It boasts a prime location, being within walking distance of the beach, Lincoln Road's shops and restaurants, Ocean Drive's nightlife, and popular attractions like the Pérez Art Museum Miami, the Vizcaya Museum and Gardens, and the Holocaust Memorial.

Madrid Solar Deal

We advised a leading Solar Energy development firm based in Madrid, Spain, which boasts a portfolio of 1300 MW of development assets across Latin America, including Chile, Panama, and Mexico. We successfully originated, structured, and closed a Joint Development Agreement (JDA) with the largest US Energy Asset & Yield CO, culminating in a deal valued at $930 million. We meticulously identified and approached a shortlist of global operators, developed comprehensive financial and economic risk models, and prepared all necessary transaction documentation. Our team managed the entire transaction process from origination to closing, providing extensive support to the company's legal and management teams during due diligence, negotiation, and drafting of definitive documentation.

Las Vegas Resort

A prominent $950 million resort complex in Las Vegas, Nevada, this hotel is among the largest in the U.S., housing over 10,000 guestrooms and suites, including more than 30 mansion villas. Offering a diverse array of top-class amenities such as a casino, spa, fitness center, multiple pools, retail center, entertainment venues, a convention center, and various restaurants, it caters to a broad spectrum of guest needs. The hotel's strategic location and proficient management contribute to its growing demand, building global loyalty, and benefiting from rising tourism. The asset maintains a robust revenue diversification with approximately 20% derived from gambling and the rest from room, food and beverage, retail, and entertainment. Strong cash flow margins (~25% EBITDA) further illustrate its financial health. Additionally, the hotel's LEED Gold certification underscores its commitment to sustainable and eco-friendly practices.

Huntington Beach Hotel & Spa

Appraised at $367.9 million, with a loan amount of $200 million, this AAA Four Diamond resort is a valued asset in Huntington Beach, California. Known for its beachfront location and luxurious accommodations, it features 850 spacious guestrooms and suites, with the largest being the Presidential Suite. The resort is home to world-class amenities, including a spa, a state-of-the-art fitness center, two swimming pools, a rooftop bar, and restaurants serving diverse cuisines. It's consistently ranked among the best resorts in Southern California due to its amenities and proximity to attractions like Huntington Beach Pier, the Bolsa Chica Ecological Reserve, and Knott's Berry Farm theme park. It's also close to the lively Main Street and Pacific Coast Highway, providing guests with convenient access to local shops, restaurants, and nightlife.

Kansas Data Center

This transaction centered on securing financing for a data center for a major corporation, a mission-critical facility located in Olathe, Kansas. The acquisition required a purchase price of $125.3 million, with a loan-to-cost ratio of 63.8% at closing. To address this need, we secured an $80.0 million fixed-rate, ten-year term loan from Deutsche Bank Securities Inc. Additionally, UBS purchased a $25 million note, collateralized by the property, to be securitized. The borrower's equity contribution of $46.1 million, combined with the loan, covered the acquisition and closing costs. The anticipated repayment date is set for ten years, with a maturity of fifteen years, and the interest rate is fixed at 4.64% to ensure payment predictability.

US National Industrial Portfolio

This portfolio consists of 82 industrial assets encompassing 15.9 million square feet, strategically spread across 52 markets in 25 states, in close vicinity to major airports, transportation hubs, and manufacturing plants. The portfolio offers a diversified mix of warehouse/distribution, manufacturing, and light manufacturing spaces, with an average clear height of 29.5 feet. Prominent tenants include major corporations like FedEx, Amazon, and The Home Depot. Exhibiting strong performance metrics, the portfolio boasts a high occupancy rate of 96.5% and a weighted average lease term (WALT) of seven years.

Manhattan Office

This property, a 50-story mixed-use office and retail building, comprises nearly 2M square feet, including about 190K square feet of high-end retail space spanning two floors and a below-grade concourse. Occupying an entire city block between Madison Avenue and Fifth Avenue, it sits on prime NYC real estate. Despite a challenging office market, this standout NYC asset commands top market rents due to its unobstructed Central Park views. The asset also houses a private club with a six-figure initiation fee, offering members a luxurious co-working space packed with high-end perks. SKEF Capital is currently collaborating with the asset's owner on in-house projects, focusing on the acquisition of distressed assets and their redevelopment into private members clubs with luxury ground floor retail. The property's appraised value stands at $4.8 billion.

Asian Data Center

This transaction involved leading an equity investment round as a sovereign investor into Asia’s premier data center company, raising USD $505 million in equity. Our approach began with a thorough review of the business, capital expenditure (CapEx), and operational expenditure (OpEx) models for developing new data centers. We conducted a stress test of model assumptions and negotiated preferred governance and information rights as the lead investor. Additionally, we managed the advisors’ diligence process and work product to ensure alignment with commercial discussions and institutional positions. Our team meticulously analyzed the equity capital structure and existing debt facilities, and we reviewed and negotiated transaction documents, investor rights, and shareholder arrangements.

Sacramento Industrial Refinancing

This transaction involved refinancing a property debt through a $358 million USD mortgage loan to capitalize on attractive interest rates, following significant increases in income and property value since the prior loan. Our comprehensive approach began with a thorough analysis of the property, examining tenant mix, leasing activity, market overview, and financial performance. We evaluated the sponsor's experience, track record, and organizational structure, and assessed the loan terms, including loan-to-value (LTV) ratio, debt yield, loan structure, reserves, and release provisions. Additionally, we reviewed the rent roll, lease expiration schedule, and tenant credit quality, and analyzed the property's competitive advantages, such as transportation access and on-site amenities.

*Certain transactions were performed by team members at prior engagements/affiliations