Commercial RE Memo Question

[Nadia Amaguana]

How would one word this in a concise easy to understand manner? Some phrases I am unfamiliar with and would like to put these bullets into a paragraph format for investors to understand. Thank you in advance for any suggestions!

• Initial contract price $73.5M
• Recapitalized existing partnership of ABC Inc and XYZ Equities, who is remaining in
the deal as a 10% JV partner
• Lender – Truist Bank, $52.0M senior loan (67.3% LTC), L+175 (rate)
• Equity commitment $21.5M
• 14.6% projected underwritten net IRR
• 2.37x projected underwritten equity multiple