CASE STUDIES

CASE STUDY #1

501 106^TH St., Arlington, Texas

Drawing on real estate relationships built and maintained for over 20 years CL was selected as one of three groups to get the opportunity to tour and bid on this acquisition without it being widely marketed. In 45 days CL was able to raise the equity and secure financing to quickly close on this asset.

Details:

42,850 square feet
Infill, Light Industrial
Great Southwest Industrial Park
Divisible (building is only 137 feet deep)
Below market rent and below replacement cost
Transferred mineral rights to separate entity for long-term hold
Acquired in 2018

CASE STUDY #2

721 N. Great Southwest Parkway, Arlington, Texas

To meet its customer’s needs for more space after winning new business, CL was able to complete extensive due diligence on this property and close this loan in just two weeks from start to finish. Since the borrower was unable to obtain conventional bank financing due to a known environmental condition, CL underwrote the risk by meeting with two top-tier environmental consultants, reviewing phase 1, phase 2 and site inspection reports and analyzing borrower credit all in time to meet the customer’s requirement on time.