Special Situations

Complex Problem Solving

Tailored Solutions for Unique Challenges

Limekiln Real Estate specializes in complex, value-add multifamily opportunities that require creative capital solutions and deep operational expertise. Our team thrives on situations where traditional financing isn't available or appropriate, leveraging our experience to structure win-win solutions.

We focus on transactions where our hands-on approach, market knowledge, and financial creativity can unlock value that others might overlook or misunderstand.

Our Differentiators:

Creative Structuring: Custom solutions tailored to each unique situation
Speed & Certainty: Ability to move quickly with flexible capital
Operational Expertise: Deep understanding of multifamily operations
Cycle-Tested Approach: Experience across market environments
Partnership Mindset: Aligned interests with all stakeholders

Investment Criteria

Our special situations strategy focuses on opportunities that meet our rigorous standards while offering compelling risk-adjusted returns:

Target Returns: 15-25%+ gross IRR depending on risk profile
Hold Period: 1-3 years typically
Markets: All major U.S. multifamily markets
Asset Types: Market-rate, affordable, and workforce housing
Position: Debt, preferred equity, or joint venture structures

Why Partner With Us?

Our combination of capital solutions expertise and hands-on multifamily experience allows us to navigate complex situations successfully.

Contact Our Team

Recent Transactions

Restructuring: $45M recapitalization of distressed portfolio

Rescue Capital: $18M bridge loan for stalled development

Loan-to-Own: $32M acquisition of non-performing loan

Our Process

Situation assessment
Solution design
Due diligence
Execution planning
Implementation

Types of Special Situations

Complex opportunities where we add the most value

Distressed Assets

Properties facing financial or operational challenges where our expertise can stabilize and create value.

Capital Structure Solutions

Complex capital needs including recapitalizations, rescue financing, and capital stack restructuring.

Transitional Properties

Assets in lease-up, renovation, or other transitional phases requiring specialized financing.

Non-Performing Loans

Acquisition and resolution of distressed debt positions with a path to control the underlying asset.

Complex Partnerships

Structuring solutions for joint ventures, partnership disputes, or complicated ownership structures.

Regulatory Challenges

Navigating affordable housing restrictions, zoning issues, or other regulatory complexities.

Our Value Creation Approach

How we transform complex situations into successful outcomes

Situation Analysis

Comprehensive assessment of the property, market, and capital structure to identify value creation levers.

Solution Design

Creative structuring of capital solutions tailored to the specific challenges and opportunities.

Operational Plan

Development of detailed business plan including property management, renovations, and leasing strategy.

Execution

Implementation with disciplined asset management and continuous performance monitoring.