Brooklyn Heights Townhome Recapitalization
- Loan Type: Recapitalization
- Property: A 5,974 square foot, six bedroom luxury single family townhome.
- Scenario: Trevian's time-of-the-essence loan was used to retire the existing bank loan, fund reserves and provide the Sponsor additional runway to properly market and sell the project.
- Result: Trevian provides funding for a time-of-the-essence closing to retire a maturing existing loan, fund reserves and provide Sponsors with more runway to properly market and sell their assets.