- Loan Type: Acquisition Financing
- Property: Condo
- Scenario: The proceeds from the first mortgage loan were used to facilitate a last-minute closing on a luxury residential condo, avoiding the borrower’s forfeiture of a significant deposit. A few weeks before the scheduled closing, the borrower lost his job as well as the permanent mortgage he had previously secured. Trevian’s attractive basis on sound collateral mitigated the temporary borrower issue.
- Result: Trevian Capital closed the loan in six days.