Detroit Multifamily Acquisition Financing
- Loan Type: Acquisition Financing
- Property: Multifamily complex comprised of two garden-style apartment complexes totaling 72 units.
- Scenario: Trevian's loan was used to finance a time-of-the-essence acquisition following a failed agency execution.
- Result: Trevian lends on time-sensitive transactions that need surety of closing. The sponsor needed more time to find an acceptable co-guarantor and secure agency financing.