Scenario: The proceeds from the first mortgage loan were used to allow the borrower, a foreign national, to exit bankruptcy by paying off his defaulted existing loan and pay off federal and state tax liens.
Result: Trevian navigated the bankruptcy court on behalf of the borrower allowing him to retain ownership and control of his property.
Scenario: The proceeds from the first mortgage loan were used to acquire and upgrade the 256,805 square foot shopping center as well as fund tenant improvements and leasing commissions for newly signed tenants.
Result: Trevian’s loan included 100% of the required capex, tenant improvements and leasing commissions and allowed for a flexible prepayment. In addition, Trevian allowed the borrower to sell a Walgreen’s outparcel simultaneous with closing.