New Haven Multifamiily Cash-Out Refinance
New Haven, CT
- Loan Type: Recapitalization Financing
- Property: Mid-rise multifamily building consisting of 21 units.
- Scenario: Trevian's loan allowed the sponsor to recapture equity from a recently gut-renovated property in order to commence a similar redevelopment of an adjacent building.
- Result: Trevian lends on vacant and partially ocupied properties that need to be leased up and seasoned prior to an Agency, HUD, local bank, or CMBS permanent refinance.