New York Car Wash Recapitalization Financing
- Loan Type:
- Property: Single-tenant, owner-occupied, 2,550 square foot car wash located in Southampton, NY.
- Scenario: Trevian's loan paid off the maturing debt and allowed the sponsor to avoid foreclosure by paying off a summary judgement.
- Result: Trevian provides rescue financing to help sponsors save assets from foreclosure. In this case, Trevian provided a short-term flexible loan to get the sponsor back on track towards a conventional refinance.