durham

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