Philadelphia Multifamily Recapitalization and Construction Completion Financing
$27,000,000
Philadelphia, PA
- Loan Type: Completion Financing
- Property: 150-Unit Class-A apartment building with 12,500 SF of commercial space in Philadelphia, PA
- Scenario: Trevian's loan paid off the existing construction loan by upsizing loan proceeds which replenished reserves and provided runway to complete construction and stabilized the property.
- Result: Trevian provides construction completion financing on mid-stream construction projects nationwide and provides borrowers with timely construction draws and open communication.
