East 87th Street

$5,000,000

Manhattan, NY

  • Loan Type: Recapitalization Financing
  • Property: Two penthouse condominium units totaling 6,812 square feet
  • Scenario: The proceeds of the loan were used to return equity to the sponsor, who owned the property on an “all-cash” basis.

Danube Apartments

$5,200,000

Orlando, FL

  • Loan Type: Refinance out of bankruptcy
  • Property: Multifamily - 126-units
  • 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.

Club Valencia Apartments

$10,700,000

Glendale, AZ

  • Loan Type: Recapitalization Financing
  • Property: Multifamily – 200 unit garden-style complex
  • Scenario: The sponsor faced an imminent maturity default under an expiring CMBS loan when another lender exited the transaction due to sponsor credit issues.
  • Result: Trevian closed the loan in four business days.

Carroll Street

$5,300,000

New York, NY

  • Loan Type: Recapitalization Financing
  • Property: 7,636 square foot, eight-bedroom / eight-bathroom luxury townhouse
  • Scenario: The proceeds of the loan were used to pay off existing debt, return equity to the sponsor, and provide for additional time to market the asset in order to maximize the sales price. The sponsor recently completed a $2.5 million gut renovation/conversion of the property into a luxury single-family townhouse.

Club Valencia

$10,700,00

Manhattan NY

  • Loan Type: Recapitalization
  • Property: Garden-Style Multifamily, 200 Units
  • Scenario: Time-Sensitive; sponsor facing imminent maturity default under expiring CMBS loan when another lender exited the transaction due to sponsor credit issues.
  • Result: Trevian closed the loan in 4 business days.

Upper East Side Multi-Family

$12,350,000

Manhattan, NY

  • Loan Type: Recapitalization Financing
  • Property: Mixed Use – 13 residential units and five medical offices
  • Scenario: The proceeds from the first mortgage loan were used to refinance a defaulted first mortgage. Trevian’s financing gave the sponsor, who recently inherited the property, time to assess whether to renovate/reposition or sell the property as-is.
  • Result: Trevian Capital closed the loan in three weeks

Bartlett Reserve Senior Living

$6,075,000

Durham, NC

  • Loan Type: Recapitalization
  • Property: Independent Living Facility for seniors (55+)
  • Scenario: The proceeds from the first mortgage loan were used to refinance an existing senior loan and return equity to the sponsor group to effectuate the time-of-the-essence acquisition of another senior living conversion project.
  • Result: Trevian Capital closed the loan in three weeks

Belleville Self Storage

$16,500,000

Belleville, NJ

  • Loan Type: Recapitalization Financing
  • Property: 400,000 square foot self storage and warehouse facility
  • Scenario: The proceeds of the loan were used to pay off a defaulted securitized loan, fund the build-out of additional self storage units and provide cash out to the sponsor. The sponsor came to Trevian after being turned down from other conventional lenders due to a litigious partnership dispute stemming from a failed crisis-era development project which adversely affected the sponsor’s credit despite strong property-level cash flow.

Ohio Office

$3,700,000

Beachwood, OH

  • Loan Type: Recapitalization Financing
  • Property: 40,000 square foot class B office building
  • Scenario: The proceeds of the loan were used to pay off an existing defaulted first mortgage that was in foreclosure.

Holiday Inn Memphis Airport

$10,000,000

Memphis, TN

  • Loan Type: Recapitalization Financing
  • Property: 256 room, full-service Holiday Inn hotel and conference center adjacent to the Memphis airport
  • Scenario: The proceeds from the first mortgage loan were used to pay off existing matured and defaulted first and second mortgages, and to pay off various liens and other obligations that resulted from a stalled yet completed $5,000,000 property improvement plan.

Chrystie Street

$6,750,000

Manhattan, NY

  • Loan Type: Acquisition Financing
  • Property: As-of-right residential development site
  • Scenario: First mortgage loan to acquire a 16,250 square foot development site and carry the property through the predevelopment process until an assemblage with an adjacent site is created and a construction loan obtained.
  • Result: Time-of-the-essence acquisition

Misty Glen Apartments

$1,220,000

Kansas City, KS

  • Loan Type: Acquisition Financing
  • Property: Multifamily – 67 units
  • Scenario: The proceeds from the first mortgage loan were used to finance a time-of-the-essence acquisition following a failed agency execution.
  • Result: Trevian Capital closed the loan in two weeks.

Sagg Main & Super Fresh

$9,915,000

Sagaponack, NY and Manahawkin, NJ

  • Loan Type: Recapitalization Financing
  • Property: 9,216 SF luxury single-family home and 50,390 SF grocery-anchored shopping center
  • Scenario: The proceeds from the first mortgage loan were used to refinance defaulted senior loans on both properties. The transaction featured a distressed borrower and a time-of-the-essence payoff.

Duane Street

$22,000,000

Manhattan, NY

  • Loan Type: Refinance and renovation financing
  • Property: 5-story loft residential building with ground floor and cellar retail space
  • Scenario: The loan was used to retire an existing matured senior mortgage and finance the gut renovation of the property into four residential condominium units plus a ground-floor retail condominium.

Phoenix Multifamily Portfolio

$13,650,000

Phoenix, AZ

  • Loan Type: Recapitalization Financing
  • Property: Multifamily – two properties totaling 788 units
  • Scenario: Trevian’s loan facilitated the borrower’s exit from bankruptcy by paying off an existing defaulted first mortgage.
  • Result: On behalf of the Borrower, Trevian successfully negotiated a discount from the existing lender and structured a global settlement in the bankruptcy court that satisfied all creditors.

Baltimore HUD Multifamily

$12,100,000

Baltimore, MD

  • Loan Type: Recapitalization Financing
  • Property: Multifamily – two HUD-subsidized properties totaling 219 units
  • Scenario: Trevian’s loan enabled the borrower to resolve a partnership dispute by buying out its equity partner, and doing so in time to avoid forfeiture of management and a forced liquidation of the properties.
  • Result: Trevian Capital closed the loan in three weeks.

Apna Bazar

$7,700,000

Hicksville, NY

  • Loan Type: Acquisition Financing
  • Property: Grocery-anchored (specialty grocer) retail center
  • Scenario: The proceeds from the first mortgage loan were used to exercise a time sensitive purchase option and to finance the construction of an additional 9,320 SF of retail space.

Texas Multifamily Portfolio

$6,125,000

Sherman & Denison, TX

  • Loan Type: Recapitalization Financing
  • Property: Multifamily – seven properties totaling 269 units
  • Scenario: The proceeds of the loan were used to payoff and consolidate five existing loans on the properties, fund capital improvements, and improve the borrower’s liquidity and credit position.

Bloomington Portfolio

$3,100,000

Bloomington, IN

  • Loan Type: Recapitalization Financing
  • Property: Office & Mixed Use
  • Scenario: The proceeds from the first mortgage loan were used to pay off an existing defaulted mortgage. The existing lender threatened to revoke a $500,000 principal reduction if the existing loan was not paid off by a certain date.

Holiday Inn Express Jonesboro

$3,100,000

Jonesboro, AR

  • Loan Type: Recapitalization Financing
  • Property: Limited service hotel – 102-room Holiday Inn Express
  • Scenario: The proceeds from the first mortgage loan were used to recapitalize the Property via a 363 bankruptcy sale in order to retire two defaulted loans.

Aspen Place Apartments

$3,125,000

Columbus, OH

  • Loan Type: Acquisition Financing
  • Property: Multifamily – 196 units
  • Scenario: The proceeds from the first mortgage loan were used to acquire the Property in a time sensitive manner via Auction.com and fund the capital expenditures needed to reposition the Property.
  • Result: Trevian Capital closed the loan in three weeks.

Tarrymore Shopping Center

$16,450,000

Raleigh, NC

  • Loan Type: Acquisition financing
  • Property: Grocery-anchored shopping center
  • 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.

Supertel, Inc.

$8,300,000

Alexandria, VA

  • Loan Type: Recapitalization financing
  • Property: Two adjacent hotels – 150-room Comfort Inn & 200-room Days Inn
  • Scenario: The proceeds from the first mortgage loan were used in order to recapitalize the properties and to cover a one-time shortfall in operating capital at the corporate entity level, which resulted from a failed organizational change.
  • Result: Trevian Capital closed the loan in three weeks.

West 28th Street

$29,565,000

Manhattan, NY

  • Loan Type: Acquisition financing
  • Property: As-of-right residential development site
  • Scenario: First mortgage loan to acquire an approximately 94,000 square foot development site and to carry the property through the predevelopment process until a construction loan is obtained.
  • Result: Trevian Capital closed the loan in two weeks.

West Street

$2,650,000

Manhattan, NY

  • Loan Type: Acquisition Financing
  • Property: Condo
  • Scenario: The proceeds from the first mortgage loan were used to facilitate a last-minute closing on a luxury residential condo, avoiding the borrower’s forfeiture of a significant deposit. A few weeks before the scheduled closing, the borrower lost his job as well as the permanent mortgage he had previously secured. Trevian’s attractive basis on sound collateral mitigated the temporary borrower issue.
  • Result: Trevian Capital closed the loan in six days.

Elgin & Valparaiso Multifamily

$15,800,000

Elgin, IL & Valparaiso, IN

  • Loan Type: Recapitalization Financing
  • Property: Multifamily – two properties totaling 322 units
  • Scenario: First mortgage loan to recapitalize a matured loan that enabled the borrower to retain ownership of a key asset in their portfolio.

Myrtle Ave. & St. Johns Place

$2,205,000

Brooklyn, NY

  • Loan Type: Recapitalization Financing
  • Property: Mixed Use & Multifamily
  • Scenario: First mortgage loan to recapitalize a maturing loan that enabled the borrower to retain ownership of both assets.
  • Result: Trevian Capital closed the loan in three weeks.