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 payoff existing debt and fund the completion of construction, tenant improvements and leasing commissions on an 85% pre-leased property.
- Result: Trevian lends to Sponsor's to pay off existing senior debt, as well as fund construction completion, tenant improvements, and leasing commissions in order to complete the project.