New York Condo Inventory Financing
$6,450,000
Queens, NY
- Loan Type: Inventory Financing
- Property: Newly constructed, 10-unit, boutique residential condominium.
- Scenario: Trevian's loan paid off a maturing construction loan and funded final cosmetic finishes, accounts payable, re-established reserves, and provided additional runway until receipt of TCO, condo plan approval, and sellout of units.
- Result: Trevian provides construction-completion financing on projects with cost overruns and construction delays.
