Phoenix Multifamily Recapitalization and Renovation Financing
$39,975,000
Phoenix, AZ
- Loan Type: Recapitalization
- Property: 78% occupied, class C+ multifamily complex comprised of 357 garden style units.
- Scenario: Trevian’s loan enabled the sponsor to recapitalize their existing debt, lower their cost of capital, recapture equity, and provided additional funds for unit and exterior renovations.
- Result: Trevian provides upsized recapitalizations to borrowers who have successfully demonstrated proof of concept.
