sherman

Sherman and Denison Multifamily Portfolio Recapitalization

$6,125,000

Sherman & Denison, TX


  • Loan Type: Recapitalization Financing
  • Property: Seven multifamily complexes comprised of 269 garden-style apartment units.
  • Scenario: Trevian's loan was used to pay off and consolidate five existing loans on the properties, fund capital improvements, and improve the sponsor’s liquidity and credit position to prepare for Agency debt.
  • Result: Trevian can help sponsors clean up asset-level accounting, repair credit and prepare for a conventional refinance. In this case, Trevian helped the sponsor organize the books and build up adequate liquidity to qualify for a Freddie Mac loan.