Prospect Heights Condominium Recapitalization
- Loan Type: Recapitalization
- Property: A 13 unit residential condominium project consisting of 13,166 net square feet and 11 parking spots.
- Scenario: Trevian's loan was used to recapitalize the partnership, complete construction, and market and sell the condo units.
- Result: Trevian provides financing to help sponsors recapitalize partnerships. In this case, Trevian provided funding to allow the Sponsor to buy out the partnership, complete construction and provide more time to market and sell the condominium units.