Philadelphia Multifamily Recapitalization and Construction Completion Financing
$6,150,000
Philadelphia, PA
- Loan Type: Recapitalization Financing
- Property: Three Class B+ apartment complexes totaling 23 units and 2,600 SF of ground floor retail.
- Scenario: Trevian's loan paid off three maturing construction loans, consolidated debt across the three properties, and provided necessary capital to complete construction, which had experienced pandemic-related delays and cost overruns.
- Result: Trevian provides recapitalizations of mid-construction multifamily projects that have gone over schedule and/or budget, and where additional time and proceeds are required.
