Selected Transactions
Four Seasons — Nashville, TN
Hotel
Mezzanine Loan Acquisition
The seller held both the senior mortgage and the mezzanine position, creating a conflict-of-interest risk that Circle was able to solve. Circle acquired the mezz at attractive terms, gaining exposure to a trophy Four Seasons asset in one of the country's fastest-growing hospitality markets.
809 Madison Avenue — New York, NY
Luxury Condo Development
Participating Preferred Equity
The sponsor required funding certainty to execute on a critical contract, secure Landmarks Preservation Commission approval, and acquire Transferable Development Rights. Circle provided a participating preferred equity structure, capturing meaningful upside participation.
Confidential — Chicago, IL
Multifamily Development
Mezzanine Loan
A well-capitalized local developer with attractive senior financing sought equity to greenlight a 383-unit multifamily development in Chicago's Fulton Market. Instead of providing equity, Circle structured a mid-stack mezzanine loan, achieving a superior risk-adjusted return.
Representative transactions. Approximate terms. Information subject to change.