Southeast Houston Multifamily Recapitalization
$40,000,000
Houston, TX
- Loan Type: Recapitalization
- Property: Garden-style multifamily complex consisting of 856 housing units.
- Scenario: Proceeds from Trevian's loan were used to payoff existing debt, fund the completion interior renovations, and return equity to the Sponsor.
- Result: Trevian provides recapitalization financing for partial cash outs and provides Sponsors with additional time to season operations at a lower cost of capital.
