Georgia Multifamily Recapitalization Financing
- Loan Type: Recapitalization Financing
- Property: 97% occupied, Class B- multifamily complex comprised of 68 garden style units.
- Scenario: Trevian's time-sensitive loan paid off a maturing bridge loan on this renovated and stabilized property after HUD informed the borrower that there would be a six-month delay in processing the HUD loan application.
- Result: Trevian provides time-sensitive bridge loans to borrowers who need to refinance their existing loans quickly, and need to bridge the gap until Fannie, Freddie, or HUD can provide a permanent loan.