Hamptons Residential and New Jersey Retail Portfolio Recapitalization
Sagaponack, NY and Manahawkin, NJ
- Loan Type: Recapitalization Financing
- Property: Luxury single-family home comprised of 9,216 square feet and a 50,390 square foot grocery-anchored shopping center.
- Scenario: Trevian's loan was used to refinance defaulted first mortgages on both properties.
- Result: In instances where a sponsor's credit history makes permanent financing unlikely even after the bridge loan, Trevian can provide a bridge-to-sale solution that gives the sponsor enough time to market and sell the asset without urgency.