North Carolina Multifamily Recapitalization and Construction-Completion Financing


Huntersville, NC

  • Loan Type: Recapitalization and Construction-Completion Financing
  • Property: 50% complete, Class A garden style apartment complex, comprised of 297 units.
  • Scenario: Trevian's loan allowed the borrower to recapitalize the construction loan, fund accounts payable, re-establish reserves, fund the balance of construction costs, and provide runway to lease up and stabilize the property via a step down in coupon upon achieving the certificate of occupancy.
  • Result: Trevian provides construction-completion financing on over-budget and over-schedule multifamily projects. In this transaction, the borrower faced municipality mandated changes, extreme weather, and COVID related delays.