North Carolina Multifamily Acquisition and Renovation Financing
- 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.