New Jersey Multifamily Construction Completion Financing
$9,500,000
Bayonne, NJ
- Loan Type: Completion Financing
- Property: 20% complete, 56-unit, class A multifamily property.
- Scenario: Trevian’s loan capitalized the completion of construction, established reserves, and allowed the sponsor to recapture approximately $500,000 in equity.
- Result: Trevian provides construction-completion financing to sponsors who need additional capital to complete their project and bridge to stabilization.
