Bloomington Mixed-Use Portfolio Recapitalization
- Loan Type: Recapitalization Financing
- Property: 16,000 square foot multi-tenant office building and 8,000 square foot mixed-use retail and multifamily building.
- Scenario: Trevian's loan was used to pay off a defaulted first mortgage.
- Result: Trevian can close loans under tight and inflexible timeframes. In this case, the sponsor had to pay off the existing lender by a hard date in order to realize a significant discount.