Recapitalization and Renovation Financing on Adaptive Commercial Property
- Loan Type: Recapitalization and Renovation Financing
- Property: Three-building, 23,954 square foot commercial property.
- Scenario: Proceeds from Trevian's loan were used to pay off existing debt and fund the completion of construction, tenant improvements and leasing commissions on an 85% pre-leased property.
- Result: Trevian lends on build-to-suit scenarios in which sponsors want flexibility and need proceeds for Capex, TI and LC.