Debt Financing

Sheraton Harrisburg Hershey Hotel

Investment Type:

First Mortgage Loan

Size

347 Keys and ~14,500 square feet of meeting space

Glacier originated a $23,000,000 million first-mortgage loan which was used to acquire the property and to provide the borrower with additional capital to fund a PIP redevelopment. Located between downtown Harrisburg, the state capital of Pennsylvania, and Hersheypark, the Northeast’s second-most-visited amusement park. 

SunTrust Parking Garage

Investment Type:

First Mortgage Loan

Size

257,800 existing square feet zoned for up to 80 stories and 800 units

Glacier originated an $18,250,000 million first-mortgage loan which was used to acquire the property. The Property benefits from its proximity to major office demand drivers and entertainment venues including the FTX Arena, the Port of Miami Cruises, Metromover Station, Bayfront Park, and Miami World Center.

Cube Wynwood

Investment Type:

Mezzanine Loan

Size

82,432-sf Class-A office and retail property

Glacier originated a $9,500,000 mezzanine loan which was used to acquire the property and provide funds for tenant improvements and leasing commissions. Property amenities include a rooftop terrace, onsite restaurants and retail, valet parking, common-area wi-fi, and a 30-foot-wide breezeway connecting to an open-air lobby.

Legacy at Kissimmee

Investment Type:

First Mortgage Loan

Size

To-be built 256-unit apartment development
Glacier originated a $40,500,000 million first-mortgage construction loan which will be used to fund construction draws. The property is a planned 256-unit, four-story, Class-A multifamily development in Kissimmee, FL within the Orlando MSA.

Confidential Manhattan Apartment Portfolio

Investment Type:

Mezzanine Loan

Size

Three-property portfolio with approximately 200 apartment units
Glacier acquired (at loan closing) a $13,000,000 mezzanine loan which was part of a re-financing of the portfolio. The funds will provide the borrower with the resources to complete the lease-up and stabilization of the portfolio following COVID-related disruptions.