Belleville Self Storage


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.
  • Result: