Detroit Multifamily Acquisition Financing
$1,700,000
Ecorse, MI
- Loan Type: Acquisition Financing
- Property: Multifamily complex comprised of two garden-style apartment complexes totaling 72 units.
- Scenario: Trevian's loan was used to finance a time-of-the-essence acquisition following a failed Agency execution.
- Result: Trevian lends on time-sensitive transactions that need surety of closing. The Sponsor needed more time to find an acceptable co-guarantor and secure agency financing.
