Duane Street Mixed-Use Refinance and Renovation Financing
$22,000,000
Manhattan, NY
- Loan Type: Refinance and renovation financing
- Property: Five-story loft residential building with ground floor and cellar retail space
- Scenario: Trevian's loan was used to refinance a matured senior mortgage and finance the gut renovation of the property into four residential condominium units with a ground-floor retail condominium.
- Result: Trevian provides renovation and construction-completion loans to sponsors who have gone over budget or over schedule on their project and need to refinance their existing construction loan for more proceeds and more time.
