Pennsylvania Multifamily Portfolio Recapitalization and Construction-Completion Financing
$12,400,000
Philadelphia, PA
- Loan Type: Portfolio Recapitalization and Construction-Completion Financing
- Property: Three Class A townhome-style apartment complexes totaling 48 units.
- Scenario: Trevian's loan recapitalized three maturing construction loans and provided additional funds to complete the last 25% of construction, which the existing bank lenders declined to provide after the borrower pivoted from a condo business plan to multifamily rentals.
- Result: Trevian provides flexible terms to meet the needs of borrowers who need a creative short-term solution to get them back on track.
