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.
