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Chelsea Condominium Recapitalization

$2,200,000

New York, NY


  • Loan Type: Recapitalization
  • Property: An eight-unit luxury residential condominium property consisting of 12,980 square feet.
  • Scenario: Trevian's loan allowed the sponsor to pay off a matured senior mortgage and complete a condominium conversion.
  • Result: Trevian lends to foreign nationals who are often unable to qualify for conventional debt.