New York Multifamily Acquisition and Renovation Financing

$5,300,000

Cairo, NY

  • Loan Type: Recapitalization Financing
  • 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.

Florida Industrial Lease-Up Financing

$3,100,000

Palm Coast, FL

  • Loan Type:
  • Property: 140,000 square foot Class-B industrial property in Palm Coast, FL
  • 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.

Philadelphia Multifamily Recapitalization and Construction Completion Financing

$27,000,000

Philadelphia, PA

  • Loan Type: Completion Financing
  • 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.

Arizona Multifamily Acquisition and Renovation Financing

$17,500,000

Scottsdale, AZ

  • Loan Type: Recapitalization Financing
  • 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.

Arizona Single-Family Build-to-Rent Recapitalization and Construction Completion Financing

$40,500,000

Avondale, AZ

  • Loan Type: Recapitalization
  • 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.

New York Car Wash Recapitalization Financing

$2,880,000

Southampton, NY

  • Loan Type:
  • 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.

Arizona Multifamily Recapitalization and Renovation-Completion Financing

$16,250,000

Phoenix, AZ

  • Loan Type: Recapitalization Financing
  • 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.

North Carolina Multifamily Acquisition and Construction-Completion Financing

$21,000,000

Concord, NC

  • Loan Type: Recapitalization and Renovation Financing
  • Property: 93% complete, pre-C-of-O, class A- apartment complex in Concord, North Carolina.
  • Scenario: Trevian’s loan financed the acquisition, provided funds to complete construction, and provided runway to lease-up and stabilization.
  • Result: Trevian provides creatively structured, time-of-the-essence recapitalizations of mid-construction projects.

South Carolina Multifamily Acquisition Financing

$2,900,000

Myrtle Beach, SC

  • Loan Type: Acquisition Financing
  • Property: 42-unit, 100% occupied apartment complex in Myrtle Beach, South Carolina.
  • Scenario: Trevian’s loan financed the acquisition and provided funds for the sponsor to lightly renovate the property and increase rents to market.
  • Result: Trevian provides bridge loans nationwide on transitional multifamily assets.

New York Industrial Recapitalization

$13,300,000

Brooklyn, NY

  • Loan Type:
  • Property: 46,000-square foot, 100% occupied industrial property located in the Greenpoint neighborhood of Brooklyn.
  • Scenario: Trevian’s loan recapitalized the maturing debt and provided runway for the sponsor to clean up a bankruptcy on a nearby asset.
  • Result: Trevian provides bridge loans nationwide and can help sponsors navigate an exit from bankruptcy.

Baltimore Acquisition and Renovation Financing

$14,300,000

Baltimore, MD

  • Loan Type: Renovation Financing
  • 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.

Philadelphia Acquisition Financing

$17,025,000

Philadelphia, PA

  • Loan Type: Recapitalization Financing
  • 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.

Kentucky Multifamily Acquisition and Renovation Financing

$9,750,000

Louisville, KY

  • Loan Type: Renovation Financing
  • Property: Class C+ apartment complex comprised of 150 garden-style units.
  • 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 multifamily assets in need of renovation and repositioning.

Florida Multifamily Acquisition Financing

$1,785,000

Ocala, FL

  • Loan Type: Acquisition Financing
  • 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.

Houston Acquisition and Multifamily Conversion Financing

$21,500,000

Houston, TX

  • Loan Type: Completion Financing
  • Property: Two extended stay complexes totaling 233 units.
  • Scenario: Trevian's loan financed the acquisition, renovation, and re-branding of the properties from extended stay hotels to multifamily assets.
  • Result: Trevian provides bridge loans nationwide on multifamily assets and can close quickly to meet the needs of a time-sensitive acquisition.

Florida Multifamily Acquisition and Renovation Financing

$2,125,000

Bartow, FL

  • Loan Type: Renovation Financing
  • 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.

Florida Multifamily Acquisition Financing

$5,125,000

Orlando, FL

  • Loan Type: Refinance out of bankruptcy
  • 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.

New York Industrial Acquisition and Renovation Financing

$6,200,000

Riverhead, NY

  • Loan Type: Renovation Financing
  • 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.

Arizona Multifamily Acquisition and Renovation Financing

$8,600,000

Glendale, AZ

  • Loan Type: Renovation Financing
  • Property: 91% occupied, Class C apartment complex comprised of 45 garden-style units.
  • Scenario: Trevian's loan financed the acquisition and provided additional funds for renovation to transform the property from a C to a B+/A- asset.
  • Result: Trevian lends nationwide on value-add multifamily properties in need of large-scale renovation.

New York Multifamily Recapitalization and Construction Completion Financing

$18,500,000

Poughkeepsie, NY

  • Loan Type:
  • 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.

North Miami Beach Multifamily Acquisition Financing

$3,550,000

North Miami Beach, FL

  • Loan Type: Acquisition Financing
  • 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.

Maryland Industrial Acquisition Financing

$4,650,000

Westminster, MD

  • Loan Type: Acquisition Financing
  • Property: 100% occupied, single-tenant NNN warehouse/industrial property comprised of 82,782 SF.
  • Scenario: Trevian’s loan funded the acquisition of this sale/leaseback transaction and provided the borrower runway to sign a new long-term lease.
  • Result: Trevian lends nationwide on value-add real estate in need of time to reach stabilization.

New Jersey Multifamily Acquisition and Renovation Financing

$5,700,000

Clementon, NJ

  • Loan Type: Renovation Financing
  • Property: 23% occupied, class C multifamily complex comprised of 56 garden style units.
  • Scenario: Trevian's loan financed the acquisition and renovation of the property after the borrower purchased the property via a Ten-X auction.
  • Result: Trevian provides bridge loans on multifamily properties in need of renovation and repositioning before reaching stabilization.

Iowa Multifamily Acquisition and Renovation Financing

$5,500,000

Davenport, IA

  • Loan Type: Renovation Financing
  • 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.

New Jersey Multifamily Construction Completion Financing

$9,500,000

Bayonne, NJ

  • Loan Type: Completion Financing
  • 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.

Florida Multifamily Acquisition and Renovation Financing

$3,450,000

Daytona Beach, FL

  • Loan Type: Renovation Financing
  • 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.

Kentucky Multifamily Acquisition and Renovation Financing

$7,525,000

Louisville, KY

  • Loan Type: Renovation Financing
  • 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.

New Jersey Multifamily Acquisition and Renovation Financing

$7,000,000

Pennsville, NJ

  • Loan Type: Renovation Financing
  • 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.

Indiana Multifamily Acquisition and Renovation Financing

$51,000,000

Indianapolis and Evansville, IN

  • Loan Type: Recapitalization
  • Property: Two Class C+/B- multifamily properties totaling 625 units.
  • Scenario: Trevian’s loan funded the acquisition of the portfolio and provided favorable release prices that matched the Sponsor's business plan.
  • Result: Trevian can provide flexibility and can offer creative solutions to meet a borrower's needs compared to other lenders.

Illinois Commercial Recapitalization Financing

$10,400,000

Chicago, IL

  • Loan Type: Recapitalization Financing
  • Property: Two Class A- commercial buildings totaling of 17,176 SF.
  • Scenario: Trevian's loan refinanced two maturing loans and allowed the borrower to exit bankruptcy.
  • Result: Trevian can help sponsors navigate an exit from bankruptcy and negotiate discounted payoffs from their existing lenders.

Philadelphia Multifamily Recapitalization and Construction Completion Financing

$6,150,000

Philadelphia, PA

  • Loan Type: Recapitalization Financing
  • 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.

New York Multifamily Acquisition and Renovation Financing

$6,050,000

Renovation Financing

  • Loan Type: Recapitalization
  • 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.
page 1 of 4