Glendale Multifamily Cash-Out Refinance
- Loan Type: Recapitalization Financing
- Property: Multifamily complex comprised of 200 garden-style apartment units.
- Scenario: Trevian's loan allowed the sponsor to avert an imminent maturity default on an expiring CMBS loan after a conventional lender exited the transaction shortly before a scheduled closing due to sponsor credit issues.
- Result: Trevian provides speed and certainty of execution, which is particularly vital on transactions like this, which had to close in four business days.