Nolita – Construction-Completion and Condo Inventory Financing
$23,175,000
New York, NY
- Loan Type: Inventory Financing
- Property: 6-unit luxury residential condominium building with ground-floor retail.
- Scenario: Trevian's loan allowed the Sponsor to pay off his existing debt, fund the completion of construction, and provide runway to market and sell the units.
- Result: Trevian provides timely construction-completion financing in situations where the existing lender has stopped funding and the Sponsor is faced with large carrying costs and a halted construction project.
