Class A Phoenix Multifamily Recapitalization
- Loan Type: Recapitalization
- Property: A 138-unit, newly constructed, Class A multifamily complex.
- Scenario: Trevian's loan provided a lower cost of capital, a partial return of equity to investors, and a replenishment of the interest reserve.
- Result: Trevian can lower the sponsor’s cost of capital during construction-completion and/or lease-up, and will provide cash out to return equity to investors and replenish reserves as needed.