Property: Garden-style multifamily complex consisting of 856 housing units.
Scenario: Proceeds from Trevian's loan were used to payoff existing debt, fund the completion interior renovations, and return equity to the Sponsor.
Result: Trevian provides recapitalization financing for partial cash outs and provides Sponsors with additional time to season operations at a lower cost of capital.
Property: Luxury 10-unit residential condominium project with ground-floor retail.
Scenario: Proceeds from Trevian's loan were used to pay off the previous lender, complete construction, fund an interest reserve and partially pay down a preferred equity position after an expected injection of fresh equity did not take place.
Result: Trevian lends to Sponsor's who are in need of recapitalization financing in order to re-establish reserves, complete construction, and/or buy-out or pay-down investors. Trevian is used to moving quickly and can close a construction completion project in as quickly as 2 - 3 weeks.
Property: Multifamily complex comprised of 120 garden-style units across fifteen buildings.
Scenario: Proceeds from Trevian's loan were used to finance the acquisition and renovation of the property after the Sponsor purchased the project via foreclosure.
Result: Trevian provides bridge loans on multifamily assets that are not yet ready to be financed with Freddie, Fannie, or FHA loans.