Durham Independent Living Recapitalization


Durham, NC

  • Loan Type: Recapitalization
  • Property: Independent senior living facility comprised of 99 units.
  • Scenario: Trevian's loan was used to refinance an existing senior loan and return equity to the sponsor group, which they used to effectuate the time-of-the-essence acquisition of another senior living conversion project.
  • Result: Trevian can help sponsors access liquidity by providing cash-out refis on low-leveraged assets. This transaction was complicated by the fact that the primary sponsor was party to litigation.