3-2

New Jersey Multifamily Recapitalization

$1,325,000

East Orange, NJ


  • Loan Type: Multifamily recapitalization
  • Property: Multifamily complex comprised of 26 units.
  • Scenario: Proceeds from Trevian's loan were used to pay off a defaulted and in foreclosure senior loan, establish new reserves at the property level, and return equity to the Sponsor.
  • Result: Trevian provides rescue financing to help sponsors save assets from foreclosure. In this case, Trevian helped the sponsor clear off his past issues and start establishing a new payment history.