Upper East Side Multi-Family
- Loan Type: Recapitalization Financing
- Property: Mixed Use – 13 residential units and five medical offices
- Scenario: The proceeds from the first mortgage loan were used to refinance a defaulted first mortgage. Trevian’s financing gave the sponsor, who recently inherited the property, time to assess whether to renovate/reposition or sell the property as-is.
- Result: Trevian Capital closed the loan in three weeks