Investments

CROWNE PLAZA HOTEL
TULSA, OK

Details
  • Capstone acquired a $26M non-performing note secured by the 453 room Crowne Plaza Hotel in Tulsa, Oklahoma.
  • The Note was acquired for 46.0% on the dollar and sold shortly after purchase.

MARRIOTT FAIRFIELD INN
ATLANTIC CITY NORTH, NJ

Details
  • Capstone acquired a $9.8M defaulted note secured by a 200-room Marriot Fairfield Inn.
  • Capstone replaced the hotel management company, streamlined labor and cut expenses by over 20% and increased gross revenue by over $500,000.
  • In 2014, the Atlantic City market was in a sever decline and Capstone sub-leased the hotel to a local operator and recovered 75% of invested capital.

300 SYLVAN AVENUE
ENGLEWOOD CLIFFS, NJ

Details
  • Capstone acquired a $6M note secured by a 35,000 SF medical office building in Englewood Cliffs NJ.
  • Capstone sold the note nine months after acquisition for a substantial profit.

WAB LOAN PORTFOLIO
NY|NJ|PA

Details
  • Capstone acquired a $24M portfolio; 18 performing and non-performing loans for 45% on the dollar.
  • The portfolio was liquidated over a 42 month period and generated over a 20% IRR.

FBA LOAN PORTFOLIO
NJ

Details
  • Capstone acquired an $8M commercial loan portfolio from the FDIC for 40% on the dollar.
  • The portfolio consisted of 13 non-performing loans that were liquidated over a 48 month period and generated over a 22% IRR.