Transaction History

Loan Acquisitions

711-721 West 16th Street
On June 30, 2008 Edgewood Capital acquired a $3.9MM loan secured by a 60,862 SF light industrial/warehouse building in Hialeah, FL. Hialeah is adjacent to the city of Miami.

505 S. Perry Road
Edgewood Capital acquired the $7.4MM mortgage on June 21, 2008. The 98,775 sf two-story office building was the former headquarters for Galyans Trading Company, Inc. (which has since been acquired by Dicks Sporting Goods). The building was constructed in 2004 and is located in Plainfield, IN.

Olde Town Apartments
On December 21, 2007 Edgewood Capital acquired a $7.1MM loan secured by 164 unit apartment building in Middletown, OH. Middletown is located 25 miles south of Dayton and 32 miles north of Cincinnati. The apartment complex is 2 miles east of Interstate 75 and is adjacent to Miami University of Ohio Middletown Campus. Olde Town was constructed in 1969 and was recently renovated in 2003.

2 Harry Austin Drive
On July 1, 2006 Edgewood Capital acquired a $2.9MM loan secured a 5.5 acre parcel of waterfront land in the village of Mystic, within the town of Stonington, CT. The site has unimpeded water views of Mystic Harbor and is currently approved for 46 luxury condominium units or 97,051 square feet of saleable space.

DEBT

212-214 East 95th Street
In July 2006, Edgewood Capital facilitated the acquisition of a 5,648 sf parcel of land on the Upper East Side of Manhattan by 212-214 East 95th Street Associates, Inc. The Borrower was provided an $8,300,000 Bridge Loan. Upon securing conventional construction financing, the site will be developed into a ten story 25 unit luxury condominium.

Stamford, CT
$14,000,000 1st mortgage for the purpose of refinancing 1340 Washington Boulevard, Stamford, CT and an assemblage of adjoining parcels. The site is 75,794 sf (1.74 acres) with the proposed development consisting of a 9 story, 102 unit luxury condominium project inclusive of 11,000 sf of ground level retail space. The residential units will have unit sizes averaging 1,765 sf and a projected average sales price of $535 sf.

Ocala Home Park
In April 2006, Edgewood Capital refinanced a 67 acres parcel of land in Ocala, FL. Edgewood provided a Bridge Loan of $1,640,000.The collateral for the subject loan is a residential development tract currently approved for a 225 unit PUD located in Ocala, Marion County, FL. Marion County has been consistently ranked as one of the fastest growing metropolitan areas in Florida. Growth demand inclusive of residential and commercial development is expected to continue throughout the foreseeable future.

Greenwich, CT
Edgewood Provided a $2,600,000 1st mortgage to renovate a 4,024 sf single family home. The property is situated on 1.62 acres of prestine land in Greenwich, CT.

Northampton
In May 2006, Edgewood Capital refinanced a 10,755 sf retail/office building in downtown Northampton, MA. The $1,055,000 Bridge Loan enabled the Borrower to payoff existing debt obligations and discharge alternate liens avoiding foreclosure. The collateral for the subject loan are two office/retail condominium units in a single, multi-story, four-unit commercial condominium building. The local economy benefits from a predominance of college and university influences. The downtown locale and quality of the subject combined with a vibrant student and corporate environment afford the property significant upside potential in the absence of a strong Guarantor.

Gator Land Investments
In June 2006, Edgewood Capital provided a $325,000 Mezzanine Loan to finance the acquisition of property in Gainesville, FL. The property is proposed to be developed into an 8 unit condominium complex. The Borrower intends to refinance Edgewood with proceeds from a conventional construction loan which is expected when the property receives final approval for the number of units.

DIRECT EQUITY

Waterbury Self Storage
Waterbury, CT
Waterbury Self Storage, located in Waterbury, CT directly off exit 25 Interstate 84, is a 51,500 square foot 448 unit facility. The facility sits on 4.7 acres and has additional room to construct more units. During 2003, Edgewood reconfigured the property and added 64 climate control units to the existing 384 dry units.

Woodbridge Corporate Park
Woodbridge, CT
Woodbridge Corporate Park, located in Woodbridge, CT is a 52,906 square foot Class A office building. The exterior of the building is very attractive incorporating brick and white limestone. The building offers its tenants the convenience of its proximity to New Haven as well as the scenic views of East Rock to West Rock. The building is 100% occupied by eight tenants.

45 & 55 Church Street
New Haven , CT
The property consists of an eight story office tower which is 76% leased to eleven tenants. The adjoining building is a 24,000 sf bank branch built in 1900 and net leased to Wachovia through 2008. The two buildings are located on Church Street in downtown New Haven approximately one block from the New Haven Green. The property was recently renovated with a new lobby, entrance and common areas.

Gateway Center
Providence, RI
On August 2, 2006 Edgewood closed on the acquisition of Gateway Center in Downtown Providence, RI. Edgewood partnered with Parkwood Real Estate Partners and Commonwealth Ventures to acquired the 135,110 sq.ft. building which is comprised of 113,609 sq.ft. of Class A office space and a 150 car parking garage.

Blue Cube Self Storage
Bloomfield, CT
On December 29th, 2005 Edgewood closed on the acquisition of Blue Cube Self Storage located in Bloomfield, CT for $2,500,000. Blue Cube is a 37,125 square foot self storage facility that was built in 2003/2004.

Simsbury Self Storage
Simsbury, CT
On June 1st, 2005 Edgewood closed on the acquisition of Simsbury Self Storage for a purchase price of $4,625,000.

MILLWOOD VII
New Hampshire, Vermont and Maine
Boston, MA
Edgewood purchased a non-performing blanket mortgage
secured by 300,000 square feet of warehouse/flex space located in New
Hampshire, Vermont and Maine for $4 million.

Monroe Terrace Apartments
Monroe, OH
Edgewood purchased a $4.4 million non-performing loan on a 140 unit multifamily property for $3.125 million.