| Property Types: | Income producing properties with an emphasis on Retail, Industrial, Office and Multi-family; we will consider condominium inventory and single family improved lot loans. No existing single family units and no unimproved land. |
| Location: | Central and West Coast of Florida as a primary market; will consider entire Florida market. |
| Transaction Types: | Recapitalization, Refinancing, Acquisition, Partner Buyouts and Discounted Note Payoffs, Possible New Development, Re-Development opportunities |
| Financing Types: | Bridge Loans, A&D Loans, Development Loans (under certain circumstances) |
| Amounts: | Minimum of $2,500,000 up to $25,000,000 |
| Term: | Typically 3-5 years |
| Collateral: | First real estate mortage |
| Recourse: | Partial to non-recourse, with standard and customary carve-outs |
| Pricing: | Loan pricing typically includes upfront origination fee and either a fixed rate or floating rate (prime based). Interest reserves established as necessary. |
| Amortization: | Interest-only |
| Minimum Equity: | Varies based on the risk profile of the transaction |
| Exit Strategy: | Must be clearly defined and may include the sale or refinance of the project within the term of the loan |
| Lender: | West Coast Florida based capital source with rapid due diligence / underwriting and closings occurring typically within 30 days. |
$400,000,000 IN LOAN TRANSACTIONS
$6,000,000 - Acquisition
The BLVD - an 18 story luxury condo project
Sarasota, Florida
$4,000,000 - Acquisition
Mainsail Beach Inn
Holmes Beach, Florida
$8,500,000 - Infrastructure
The Estuary - a Mixed Use Project - Phase I & II
Brandon, Florida
$10,000,000 - Bridge
Angel's Senior Living
Tampa, Florida
$20,000,000 - Bridge
Wyndham Grand - Westward Look
Tucson, Arizona
$18,000,000 - EB5 Bridge
Wyndham Grand Hotel
Clearwater Beach, Florida
$20,000,000 - Acquisition
JW Marriott
Clearwater, Florida
$27,000,000 - Acquisition
Hammock Beach Resort
Palm Coast, Florida
Testimonials
"We have worked with STK Capital on several financing solutions and have always been more than satisfied. Often our deals are not cookie cutter and require open communication and quick responses. We found STK to be on point and responsive to questions and concerns. Thank you for your outstanding service to Armstrong Homes."
- Chris Armstrong, President/Owner, Armstrong Homes, Ocala, Florida
“Bob’s knowledge of the real estate business in Tampa is impressive and everyone I meet has wonderful things to say about doing business with him. Over the last 7 years as Mainsail Lodging Development has grown, we’ve called on STK Capital to arrange financing at crucial times in our expansion. In every instance, STK has performed for us and I consider them an integral part of our success””
- Joe Collier, President, Mainsail Lodging & Development
“As developers we seek relationships with lenders that understand the development process and the patience that is most often needed. STK understands the complexities of the pre-development process and as a private lender STK delivers on a timely basis.We highly recommend Bob and his partners to deliver capital solutions and look forward to working with them again in the future.”
- Herk Russell, General Counsel, Core Development
Other Transactions
| Armstrong Homes | $8,000,000 | Ocala, Florida |
| Academy of the Lakes | $3,000,000 | Land O Lakes, Florida |
| Country Inn & Suites | $3,500,000 | Brandon, Florida |
| Hampton Inn | $5,000,000 | Largo, Maryland |
| East Park Village | $8,000,000 | Lake Nona, Florida |
| Mainsail Conf. Ctr. | $2,750,000 | Tampa, Florida |
| Patriot Self Storage | $8,000,000 | Northport, Florida |
| Comfort Inn | $2,500,000 | Tampa, Florida |
| Holiday Inn Express | $2,500,000 | Lakeland, Florida |
| West Village Town | $4,800,000 | Tampa, Florida |
| Sheldon Plaza/Shell | $3,700,000 | Tampa, Florida |
| Bonita Exchange | $4,800,000 | Bonita Springs, Florida |
Commercial Property Financing Program