Suburban Cleveland Office Recapitalization
$3,700,000
Beachwood, OH
- Loan Type: Recapitalization Financing
- Property: Class B office building comprised of 40,000 square feet.
- Scenario: Trevian's loan was used to pay off a defaulted first mortgage that was in foreclosure.
- Result: Trevian provides rescue financing to help sponsors save assets from foreclosure. In this case, Trevian helped break a stalemate between the sponsor, existing lender, and anchor tenant.
