New York Car Wash Recapitalization Financing
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New York Car Wash Recapitalization Financing

$2,880,000

Southampton, NY

  • 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.