8000 Wisconsin Avenue, Bethesda, MD

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Centennial Bank

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Zack Whitedelete
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Date07/29/2021
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
Categories
  • Term Sheets Received
  • Executed Confidentiality Agreement Received
  • Detailed Discussions
  • Initial Discussions
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DEAL TRACKING COMMENTS
DateComment
08/04/2021answered all their questions and got some follow up info to them, now have to wait for them to dig through the underwriting -- don.atchison
08/13/2021sent Zach White info on the Sponsor last week and followed up today with an email to see what their status is -- don.atchison
08/18/2021Zach has said that they don't like the leasehold mortgage structure, so I presented the fee simple structure. He said they would be at 55% loan to cost making their loan $109 MM, meaning we would need to find $34MM of mezz. He is open to having a construction mezz lender in the deal -- don.atchison