Belleville Self-Storage Recapitalization
$16,500,000
Belleville, NJ
- Loan Type: Recapitalization Financing
- Property: 400,000 square foot self-storage and warehouse facility.
- Scenario: Trevian's loan was used to pay off a matured CMBS loan, fund the build-out of additional self-storage units, and return equity to the sponsor, who was unable to secure conventional financing due to historical litigation.
- Result: Trevian lends to sponsors whose bankruptcy and/or litigation histories complicate their ability to obtain conventional financing. In instances where permanent financing is unlikely even after the bridge loan, Trevian can facilitate a bridge-to-sale.
