$40MM Retail Recapitalization | Myrtle Beach, SC

Structured and arranged a cross-collateralized bridge loan to recapitalize a newly built 42,000-square-foot oceanfront retail entertainment complex and 218-space parking lot in Myrtle Beach, S.C.


The client was seeking to repatriate capital while retiring its current construction loan upon obtaining a certificate of occupancy. The asset was not yet fully leased, and a significant portion of the underwritten cash flow was attributed to future parking income.


$40MM Retail Recapitalization | Myrtle Beach, SC


Identified a lender willing to provide an immediate cash-out option and future, earn-out mechanics, as the property operations continued to improve. In addition, a master lease was structured to buttress potential volatility in the underwritten parking income.

Share on social media: