New Jersey Multifamily Acquisition and Renovation Financing
$7,000,000
Pennsville, NJ
- Loan Type: Renovation Financing
- Property: 51% occupied, Class C multifamily complex comprised of 76 garden style units.
- Scenario: Trevian's loan facilitated the acquisition and gut renovation of the entire property from including HVAC, electrical, unit upgrades, roofs, exteriors, amenities, and landscaping.
- Result: Trevian provides sponsors who are implementing full repositionings with a seamless execution, open communication with the ability to re-size budgets mid-stream, and a steady cadence during the draw process.
