KNIGHTHEAD FUNDING

Knighthead Funding was formed in 2013 to serve as the loan origination entity for Knighthead Realty Capital Management, LLC, an affiliate of Knighthead Capital Management, LLC... Knighthead Funding is a real estate finance company specializing in loans for acquisition, renovation, construction and refinancing... Knighthead provided a $34mm first mortgage acquisition and adaptive re-use construction loan for the conversion of a former outlet mall to a Class A 243,950 Sq. Ft. office space. The loan was underwritten at 64% of cost and 48% of as-stabilized value. Knighthead further modified its existing $34 million construction loan, which was originated in 2019, and upsized the loan to $57.25mm to provide additional capital to the borrower for tenant improvements and leasing commissions in connection with a long-term lease for the entire project. The tenant, Invitae Corp., is a biotech company involved with DNA sequencing.

Also known as: Knighthead Capital Management, LLC, Knighthead Funding, LLC, Knighthead Realty Capital Management, LLC

Primary location: Greenwich United States