| Most recent Comments - Pembrook Capital Management | ||
|---|---|---|
| Date | Deal | Comment |
| 11/11/2022 | 600 E Street | Fabrice emailed Terry Baydala -- pwitham |
| 08/24/2022 | 7201/7235 Wisconsin Avenue | Email sent to Terry Baydala -- pwitham |
| 08/03/2021 | 8000 Wisconsin Avenue, Bethesda, MD | Pass - too big as they have a max loan amount of $50mm max -- pwitham |
| 08/03/2021 | 8000 Wisconsin Avenue, Bethesda, MD | Followed up -- pwitham |
| 02/04/2016 | Rivergate - Mezz / Equity | Positive conversation. While he does require to see an executed term sheet from the senior lender prior to issuing a term sheet, he is continuing to have his team review the transaction and he likes the deal. He mentioned that a 6.7% untrended return on cost is in the acceptable range, but he is still getting his team comfortable with the rents and the market study. He understands the timing pressure related to the precast concrete production schedule, and will work to expedite this internally. He requested the appraisal as well as a copy of the un-executed term sheet that was issued. He also mentioned that they typically require warm bodies to stand behind the completion and carve out guarantees. He said it wouldn\'t necessarily be a deal killer to have a substantial entity stand behind those, but he did say it would be much harder to push through their committee. -- duke |
| 01/20/2016 | Rivergate - Mezz / Equity | Good conversation with Terry Baydala. He was indeed skiing last week at Jackson Hole, thus his delay in getting back to me. He has studied and likes the deal, the sponsorship, and finds the infrastructure investments being made by the county to be intriguing. He said an $18 million mezzanine loan would be on the larger side for them, but certainly doable. He would be priced between 12-14% with an 8% pay rate and the remainder accrued. He unfortunately stated that he would not be able to issue a term sheet until he sees an executed term sheet with the senior lender. -- duke |
| 01/19/2016 | Rivergate - Mezz / Equity | Left voicemail -- duke |
| 01/14/2016 | Rivergate - Mezz / Equity | Left voicemail -- duke |
| 01/12/2016 | Rivergate - Mezz / Equity | left voicemail -- duke |
| 01/07/2016 | Rivergate - Mezz / Equity | Received email, and scheduled to speak on Monday -- duke |
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