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.
