The W Fort Lauderdale exemplifies the creative tenacity it takes to see complex projects through. We created an innovative structure to finance the separate hotel and condo-hotel components, despite both being constructed concurrently, and partnered with another lender to split the deal. When markets turned difficult, we offered flexibility through multiple modifications as the sponsor continued to support the deal through the infusion of fresh equity. When our co-lender expressed interest in exiting, we opportunistically acquired their position. We were confident in our basis and value of the property, believing it was just a question of when and not if the property would sell. Four months later, the property sold at full value, generating a strong return on our opportunistic acquisition.