Tarrymore Shopping Center
- Loan Type: Acquisition financing
- Property: Grocery-anchored shopping center
- Scenario: The proceeds from the first mortgage loan were used to acquire and upgrade the 256,805 square foot shopping center as well as fund tenant improvements and leasing commissions for newly signed tenants.
- Result: Trevian’s loan included 100% of the required capex, tenant improvements and leasing commissions and allowed for a flexible prepayment. In addition, Trevian allowed the borrower to sell a Walgreen’s outparcel simultaneous with closing.