Carl Passmore

Real Estate Capital Markets @WalkerDunlop — Debt & Structured Finance | Once upon a time @Barings @WellsFargo @NYUniversity @FloridaState @Louisiana |

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[Carl Passmore @carlpassmore]

Wherever one may fall within the capital stack—in sum, “The important thing is for investors to identify and understand the risk they are taking and then, if they are comfortable with that risk, to make sure they are getting appropriately paid for it.” https://t.co/YseUqs2zyC

[Carl Passmore @carlpassmore]

A fast-growing pocket just north of downtown Nashville with added upside from TDOT’s ongoing I-65 expansion — the largest infrastructure project in Tennessee history.

Execution: Bridge
LTV: >70%
Capital: Debt Fund
Non-recourse
Q4 '25

Original Construction Financing: >85% LTC

[Carl Passmore @carlpassmore]

Strategically positioned along the I-4 growth corridor in Central Florida —
Recapped construction debt, optimized the cap stack, & enhanced short-term cash flow for operational flexibility during lease-up.

Execution: Bridge
LTV: >70%
Capital: Debt Fund
Non-recourse
Q4 '25

[Carl Passmore @carlpassmore]

SKY! This recently constructed mixed-use, midrise within an OZ houses affordable & workforce units, office, & retail — all connected via skybridge. This Bridge Financing structure included institutional capital getting comfortable with the Florida Live Local Act's tax exemption.

[Carl Passmore @carlpassmore]

BTR within a high-growth corridor of Tampa Bay, Florida! Closed within 40 days of signing the term sheet.

Located within an Opportunity Zone & approximately 5 minutes north of the new $1.6B Moffitt Cancer Center investment (14,000 total new jobs across 775 acres; 1.5MM SF).

[Carl Passmore @carlpassmore]

A late Q4 push for our client & a finish line crossed prior to Christmas!

Long term fixed rate financing for a mid-sized bank anchoring this retail asset in the growing corridor of southwest Florida.

[Carl Passmore @carlpassmore]

A truly well thought-out redevelopment bringing exceptional value to its local community and downtown!

From the historic tax credits, to the site planning and unit design — with old b&w white photos of the historic cotton gin in operation — this is one we’ll certainly remember!

[Carl Passmore @carlpassmore]

Continuing to ignite Downtown Louisville through their exceptional mixed-use asset along the Ohio River!

Thankful & excited our @WalkerDunlop Team delivered this full non-recourse financing solution containing attractive & efficient leverage to the exceptional folks at Bristol.

[Carl Passmore @carlpassmore]

Shovels in the ground!

Procuring this 70% LTC bank solution represents our commitment to finding the most competitive capital available, amidst continued market uncertainty, & more importantly — it attests to the strength of our Client when paired with a great capital partner.

[Carl Passmore @carlpassmore]

Fully capitalized & across the finish line! This development will ignite Phase II of the heavily trafficked regional live-work-play destination of Celebration Pointe within North Central Florida. This deal delivered an execution that attests to the strength of the entire team.

[Traded: Miami @tradedmiami]

LOAN
IMAGE: Livingston Hessam, Kyle Miller, Svein Dyrkolbotn, Jeremy Pino & Carl Passmore
DATE: 06/29/2023
ADDRESS: 4802 Southwest 34th Place
MARKET: Gainesville
ASSET TYPE: Multifamily ~ UNITS: 2...

View Post on Instagram: https://t.co/RZ2ihsUpWU

[Carl Passmore @carlpassmore]

@theEricTang Received term sheets across all executions (this deal & others in pipeline) with this deal kicking off prior to banking failures; outlier spreads/structure largely held. Very tight closing window. 100-150bps wider on each piece at much lower leverage today (senior & last $ mezz).

[Carl Passmore @carlpassmore]

Full capital stack solutions! Grateful to have a hand in this creative financing in a time of severe uncertainty amid recent bank failures & an overall lack of liquidity within the construction debt market.

Key relationships on the debt & equity side overcoming market headwinds!

[Carl Passmore @carlpassmore]

Another innovative project our Team is certainly grateful to be part of!

'Sky' will bring value to this local community within South Florida as it addresses Affordable & Workforce housing & will physically link residents to the future home of the city (City Hall) via skybridge.

[Carl Passmore @carlpassmore]

Debt & Equity! This exceptional to-be-built asset is fully capitalized & across the finish line ~ this development will certainly bring value to the local community as it will build toward their constrained housing supply that lies within a northern growth corridor of Nashville.

[Carl Passmore @carlpassmore]

TN! @JohnnyCash wasn't the only one headed to Jackson! Our team structured an institutional non-recourse execution over 85% LTC ~ The Alexandria sits in a growth corridor of Tennessee & is in close proximity to @Ford's recent $5.6B investment (6,000 jobs) into electric batteries.

[Carl Passmore @carlpassmore]

TN! This exceptional asset re-stabilized from a condo-conversion during UW/closing & is now accompanied with outstanding Life Company debt. The asset weathered extreme market volatility as our team was finalizing terms right as the '22 Russian invasion of Ukraine was kicking off.

[Carl Passmore @carlpassmore]

A great team effort — & while his handsome headshot didn’t make this release, we certainly can’t miss Jeremy Pino: instrumental and the key force in stewarding this project along as it is a solution to an affordable housing crisis that remains within many lucrative urban cities.

[Traded: Miami @tradedmiami]

LOAN
IMAGE: Livingston Hessam, Keith Melton, Carl Passmore, David Strange & Kyle Miller
DATE: 06/15/2022
ADDRESS: 1642 NE 1st Avenue
MARKET: Miami
ASSET TYPE: Mixed-use ~ UNITS: 252

LANDLORD: NR ...

View Post on Instagram: https://t.co/hVtfyGAiLz

[Carl Passmore @carlpassmore]

BIG congrats to our Client & the @CityofMiami — UNI Tower sits in an OZ within the Arts + Entertainment District & will be the 1st ~ 100% Income-and-Rent Restricted Mixed-Use Skyrise in Miami, Florida!

UNI addresses affordable housing for local Heroes—teachers, fire, & police.

[Carl Passmore @carlpassmore]

Congrats to our client in Nashville! Nice job to all who helped steward this deal from concept through closing. Excited to see this exceptional to-be-built asset across the finish line & soon add value to the local community north of Nashville. #CapitalMarkets #Team @WalkerDunlop

[Carl Passmore @carlpassmore]

This was a lot of fun. Humbled to have the opportunity & great pleasure in joining @minja_yan on her CRE podcast. We covered most investment food groups & asset strategies, the current risk & return environment, debt & equity financing, Florida & beyond.
https://t.co/p98Qf2WWDZ