Ohio Multifamily Recapitalization and Renovation Financing
$1,870,000
Girard, OH
- Loan Type: Renovation Financing
- Property: 70.0% occupied, Class C multifamily complex comprised of 60 garden style units.
- Scenario: Trevian's loan enabled the sponsors to pay off existing debt, consummate a partnership buyout, and complete a renovation plan that experienced pandemic-related delays and cost overruns.
- Result: Trevian provides creatively structured, time-of-the-essence recapitalizations in stalled and distressed scenarios to bridge properties through renovation completion and lease-up to stabilization.
