Gap Financing Closing
Connecting Clients To Our Real Estate Capital, Our clients say we are true team members from the very beginning through the very end.
Mansfield Equities
The download below highlights several deals in which Mansfield has invested capital and/or acted as a principal for several opportunities. In 2018-19, Mansfield partnered with a Los Angeles-based developer to buy urban multi-family sites to entitle and potentially to build. Only $500,000 to $3 million in equity was needed, which often falls below the aims of equity/family office funds.
Since Mansfield has also raised private debt/preferred equity on select deals that appear opportunistic (due to timing or returns), we were able to syndicate a $2.5 million preferred equity slug on a value add retail opportunity in Denver and an $ 800,000 second trust on a residential portfolio.
This philosophy gives us the flexibility and speed to serve our clients needs as fast as any financier on the market.
Current Real Estate Development Projects
1114 North Heliotrope
Purchased in November 2019. Property is 6,800 sf of land being entitled to build 26 units. The location sits 2 block from Metro at Vermont and Santa Monica giving it a TOC Tier 4 which absolves the building from providing parking spaces.
We also control the adjacent property allowing us to market the entitled project for 52 units.
Entitlement is on track for Q3 RTI and for a 2020 sale.
Real Estate Development Projects
1450 South Orange Grove
TOC Tier 3 project in an exploding submarket near Pico Blvd/Fairfax Blvd. 5 story building over basement garage.
Building will be 12,000 sf. Purchased in December 2018. Currently with a 3 unit apartment building 100% occupied.
Projected RTI in June 2020 for 16 units and 8 parking spaces.
Current Real Estate Development Projects
836 42nd Place
13,000 sf parcel currently occupied by 4 apartment tenants.
Property being entitled for 31 units , 4 stories over above grade garage. Total building will be 31,275 sf. Closed on the site October 2018.
Approximately one mile from USC campus. TOC Tier 3.
Current Real Estate Development Projects
7311-7315 S. Figueroa
The Figueroa property has adjoining lots purchased in July 2018.
It is located 3.5 miles from the new LA Rams Stadium and currently has 3 tenants paying rent. It is TOC approved to build 50 units (Tier 2) on a 13,000 sf double lot.
The building including parking expected to be 43,000sf. Estimated NOI $606,000.
Current Real Estate Development Projects
2310 Oceanview
The Oceanview property is located in Westlake near St Vincent’s Hospital and is approved for a 24 unit apartment building. Tenants will have downtown views from 2ndfloor and up.
As a Tier 3 project—Ocean View will total 14,475 sf with 12 parking spaces. Estimated NOI is $347,000.Property was purchased in June 2018.
Current Real Estate Development Projects
1114 North Heliotrope
Purchased in November 2019. Property is 6,800 sf of land being entitled to build 26 units. The location sits 2 block from Metro at Vermont and Santa Monica giving it a TOC Tier 4 which absolves the building from providing parking spaces.
We also control the adjacent property allowing us to market the entitled project for 52 units.
Entitlement is on track for Q3 RTI and for a 2020 sale.
Real Estate Development Projects
1450 South Orange Grove
TOC Tier 3 project in an exploding submarket near Pico Blvd/Fairfax Blvd. 5 story building over basement garage.
Building will be 12,000 sf. Purchased in December 2018. Currently with a 3 unit apartment building 100% occupied.
Projected RTI in June 2020 for 16 units and 8 parking spaces.
Current Real Estate Development Projects
836 42nd Place
13,000 sf parcel currently occupied by 4 apartment tenants.
Property being entitled for 31 units , 4 stories over above grade garage. Total building will be 31,275 sf. Closed on the site October 2018.
Approximately one mile from USC campus. TOC Tier 3.
Current Real Estate Development Projects
7311-7315 S. Figueroa
The Figueroa property has adjoining lots purchased in July 2018.
It is located 3.5 miles from the new LA Rams Stadium and currently has 3 tenants paying rent. It is TOC approved to build 50 units (Tier 2) on a 13,000 sf double lot.
The building including parking expected to be 43,000sf. Estimated NOI $606,000.
Current Real Estate Development Projects
2310 Oceanview
The Oceanview property is located in Westlake near St Vincent’s Hospital and is approved for a 24 unit apartment building. Tenants will have downtown views from 2ndfloor and up.
As a Tier 3 project—Ocean View will total 14,475 sf with 12 parking spaces. Estimated NOI is $347,000.Property was purchased in June 2018.