8000 Wisconsin Avenue, Bethesda, MD

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Federal Capital Partners

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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
  • Groups that have Passed
  • Uncategorized
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Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
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DEAL TRACKING COMMENTS
DateComment
08/28/2021FCP has been interested in this project for over a year and a half. They have had two lunches with Ahmet and Lyle trying to endear themselves for a first look. Since they will only play a pref equity or construction mezz role, it hasn't been until recently when some lenders would only consider a first trust structure to the construction loan that there was a potential for structured finance. I talked to Billy Herbert yesterday about the opportunity, the first trust structure considered and sent him the original package as well as the revised spreadsheet for a first trust. Since they know the site and Ahmet well, he hopes to have some indication of interest by the end of next week. -- don.atchison