Chelsea Condominium Recapitalization
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.