Southampton Land Cash-Out Refinance


Southampton, NY

  • Loan Type: Recapitalization Financing
  • Property: 25 acres of undeveloped residential land, subdivided into five lots.
  • Scenario: Proceeds from Trevian's loan were used to pay off existing defaulted debt on the Property, settle a number of personal debts of the sponsors, and provide a return of equity.
  • Result: Trevian selectively lends on undeveloped land in liquid markets and at a low basis. In this instance, Trevian was able to provide a timely and flexible solution to the sponsors, including a substantial return of cash, in light of the low loan-to-value.