Building on $9 billion in transaction volume over the past decade, Waterway Capital in 2019 closed on multiple transactions spanning a broad range of real estate projects, including municipal, mixed-use, build-suit and to-be-built properties in the United States and Canada. Waterway acted as the placement agent for all of the transactions, including several credit-tenant loans.
Waterway Capital’s structured private placement solutions span a broad range of opportunities, and are designed in partnership with commercial real estate developers, investment firms and owners. Recent transactions include:
L3 Technologies, Inc.
Waterway Capital acted as the placement agent for the debt financing of a to-be-built four-story multi-use building consisting of approximately 330,000 rentable square feet on a 17.82 acre parcel of land in Hamilton, Ontario.
C$137,300,000 – Credit Tenant Loan
FedEx Ground Package System, Inc.
Waterway Capital acted as the placement agent for the financing of a newly constructed 371,778 square foot build-to-suit distribution facility situated on a 32-acre parcel located in Quincy, Massachusetts.
$80,309,000 – Senior Secured Note
County of Fresno, California
Waterway Capital acted as the placement agent for the financing of a two-story, Department of Social Services building containing 21,966 rentable square feet of office space and 87,117 rentable square feet of warehouse space located in Clovis, California.
$80,111,000 – Credit Tenant Loan
Aa2 Rated Municipal Tenant
Waterway Capital acted as the placement agent for the debt financing of a to-be-built, three-story municipal office building consisting of 72,000 square feet located on a 7.15-acre parcel of land.
$55,328,000 – Credit Tenant Loan
Heritage Manufactured Housing Loan Portfolio
Waterway Capital acted as the placement agent for a loan portfolio to a special purpose entity secured by first priority lien interests in approximately 1,181 specific manufactured housing units in 11 communities located in Florida and South Carolina.
$10,000,000 – Secured Term Loan Transaction
County of Tulare, California
Waterway Capital acted as the placement agent for the debt financing of a to-be-built mixed-use building with 43,898 rentable square feet on an approximate .5-acre parcel of land in Porterville, California.
$10,000,000 – Credit Tenant Loan