Property: 56-Unit, Class C+, 93% occupied multifamily deal located in the Hudson Valley in New York
Scenario: Trevian's time of the essence loan funded in less than two weeks and provided the sponsor with capital to implement a full repositioning of the property and bring rents to market.
Result: Trevian provides sponsors with certainty of execution and flexibility to implement their business plan in a timely manner. This borrower received a working capital draw at close.
Scenario: Trevian's loan provided the sponsor with tenant improvement and leasing commission funds to build out the property for six newly signed leases.
Result: Trevian provides bridge loans for tenant improvements and leasing commissions on newly leased space prior to the tenants taking occupancy.
Property: 150-Unit Class-A apartment building with 12,500 SF of commercial space in Philadelphia, PA
Scenario: Trevian's loan paid off the existing construction loan by upsizing loan proceeds which replenished reserves and provided runway to complete construction and stabilized the property.
Result: Trevian provides construction completion financing on mid-stream construction projects nationwide and provides borrowers with timely construction draws and open communication.
Property: 131-unit garden-style apartment complex in Scottsdale, AZ.
Scenario: Trevian provided time-of-the-essence acquisition financing for a year-end closing and funded a capex reserve for the sponsors to execute their value-add business plan.
Result: Trevian provides speed and certainty of execution for opportunistic investors who need to close on tight and inflexible timeframes.
Property: 50% complete, 187-unit, class A built-to-rent community 15 miles west of the Phoenix CBD.
Scenario: Trevian's loan right-sized the construction budget after the sponsor experienced material delays and cost overruns.
Result: Trevian provides timely construction-completion financing in situations where the existing lender has stopped funding and the sponsor is left with a halted construction project.
Property: Single-tenant, owner-occupied, 2,550 square foot car wash located in Southampton, NY.
Scenario: Trevian's loan paid off the maturing debt and allowed the sponsor to avoid foreclosure by paying off a summary judgement.
Result: Trevian provides rescue financing to help sponsors save assets from foreclosure. In this case, Trevian provided a short-term flexible loan to get the sponsor back on track towards a conventional refinance.
Property: 58% occupied, 130-unit, garden-style apartment complex in Phoenix, AZ
Scenario: Trevian’s loan paid off the existing bridge loan and provided proceeds for the sponsors to complete their value-add business plan that encountered covid and supply chain delays.
Result: Trevian provides renovation-completion financing nationwide for projects that have gone over schedule and/or budget.
Property: 106,000-square foot, 1,346-unit self-storage facility in Baltimore.
Scenario: Trevian’s loan financed the acquisition and funded a capex reserve for the sponsors to execute their value-add business plan.
Result: Trevian provides bridge loans nationwide on transitional real estate in need of renovation and repositioning before being conventionally refinanced or sold.
Property: Newly-constructed, 71-unit, class A apartment complex with 8,000 square feet of ground floor retail.
Scenario: Trevian's loan financed the time-sensitive acquisition and provided the sponsor with prepayment flexibility to quickly refinance the deal in a rising interest rate environment.
Result: Trevian is not beholden to generalized underwriting standards, and can create flexible solutions for borrowers in need of a quick and user-friendly execution.
Property: 95% occupied, class C apartment complex comprised of 24 units.
Scenario: Trevian’s loan funded the time-sensitive acquisition of the property after the sponsor’s original lender re-priced and resized their loan due to changes in the market just three weeks prior to the hard closing date under the PSA.
Result: Trevian provides bridge loans nationwide on multifamily assets and can close quickly to meet the needs of a time-sensitive acquisition.
Property: 100% occupied, garden-style apartment complex comprised of 48 units.
Scenario: Trevian's loan funded the sponsor's business plan to purchase the LURA-encumbered property, cure deferred maintenance, perform renovations, and raise rents to market once the LURA expires.
Result: Trevian provides bridge loans nationwide on assets in need of large-scale renovation and re-branding before being conventionally refinanced or sold.
Property: 100% occupied, Class B apartment complex comprised of 56 units.
Scenario: Trevian's time-of-the-essence loan funded the acquisition of the property after the borrower's original lender re-priced and resized their loan just three weeks prior to closing.
Result: Trevian can close quickly to meet the needs of a time-sensitive acquisition.
Property: 57% pre-leased, Class B warehouse/industrial property comprised of 75,000 square feet.
Scenario: Trevian's loan financed the acquisition and provided additional proceeds for capital expenditures, tenant improvements, leasing commissions, and environmental investigations and mitigation.
Result: Trevian is comfortable lending on fully-vacant properties and has deep experience structuring transactions with environmental concerns.
Property: 67% complete, 84-unit, class A apartment complex.
Scenario: Trevian’s loan enabled the sponsor to recapitalize their
construction loan, lower their cost of capital, recapture equity, and
bridge through completion and stabilization
Result: Trevian provides creatively structured, time-of-the-essence recapitalizations of mid-construction projects that have gone over schedule and/or budget.
Property: 100% occupied, Class B multifamily building comprised of 18 units.
Scenario: Trevian's loan financed the acquisition and provided the borrower with time to raise rents and stabilize the asset.
Result: Trevian financed the borrower's acquisition of three similar assets within a one mile radius of the property. The borrower engaged Trevian based on ease of use and certainty of execution.
Property: Trevian’s loan funded the sponsor’s business plan to fully renovate interiors and exteriors and re-brand the property to raise it from a class C- to a class B asset.
Scenario: Trevian's loan enabled the borrower to purchase the property, cure an environmental issue, renovate unit interiors, make additional exterior and common area repairs, and lease up the property to stabilization.
Result: Trevian provides bridge loans nationwide on multifamily assets in need of large-scale renovation. Trevian thinks and acts like a partner rather than a lender to help streamline the turnaround process.
Property: 20% complete, 56-unit, class A multifamily property.
Scenario: Trevian’s loan capitalized the completion of construction, established reserves, and allowed the sponsor to recapture approximately $500,000 in equity.
Result: Trevian provides construction-completion financing to sponsors who need additional capital to complete their project and bridge to stabilization.
Property: Class C apartment complex comprised of 42 units.
Scenario: Trevian's time-of-the-essence loan enabled the borrower to purchase the property and provided funds to renovate all unit interiors, cure deferred maintenance, and improve curb appeal.
Result: Trevian has expansive experience lending in secondary and tertiary markets nationwide and provides sponsors with the certainty of execution they require.
Property: 92% occupied, Class C+ multifamily complex comprised of 125 garden style units.
Scenario: Trevian's loan funded the acquisition of the property and provided additional proceeds to renovate all unit interiors, cure deferred maintenance, and upgrade common areas and amenities.
Result: Trevian provides bridge loans on value-add multifamily properties, and specializes in speed, certainty of execution, and transparency.
Property: 51% occupied, Class C multifamily complex comprised of 76 garden style units.
Scenario: Trevian's loan facilitated the acquisition and gut renovation of the entire property from including HVAC, electrical, unit upgrades, roofs, exteriors, amenities, and landscaping.
Result: Trevian provides sponsors who are implementing full repositionings with a seamless execution, open communication with the ability to re-size budgets mid-stream, and a steady cadence during the draw process.
Property: Three Class B+ apartment complexes totaling 23 units and 2,600 SF of ground floor retail.
Scenario: Trevian's loan paid off three maturing construction loans, consolidated debt across the three properties, and provided necessary capital to complete construction, which had experienced pandemic-related delays and cost overruns.
Result: Trevian provides recapitalizations of mid-construction multifamily projects that have gone over schedule and/or budget, and where additional time and proceeds are required.
Property: 100% occupied, Class C multifamily complex comprised of 46 units.
Scenario: Trevian's loan facilitated the time-sensitive year-end acquisition and provided funds to renovate unit interiors.
Result: Trevian provides bridge loans on value-add multifamily properties and can expedite the closing process to meet a hard deadline on a time of the essence deal.
