nc-multifamily1

North Carolina Multifamily Acquisition and Renovation Financing

$5,750,000

Jacksonville, NC


  • Loan Type: Acquisition and Renovation Financing
  • Property: Two-property, multifamily portfolio comprised of 464 garden-style units.
  • Scenario: Trevian's loan enabled the sponsor to acquire and renovate a poorly managed and 40%-occupied portfolio, with multiple complexities.
  • Result: Trevian lends on value-add multifamily properties that need to be renovated and stabilized before they can be refinanced with Agency, HUD, local bank, or CMBS financing.