Sherman and Denison Multifamily Portfolio Recapitalization
Sherman & Denison, TX
- Loan Type: Recapitalization Financing
- Property: Seven multifamily complexes comprised of 269 garden-style apartment units.
- Scenario: Trevian's loan was used to pay off and consolidate five existing loans on the properties, fund capital improvements, and improve the sponsor’s liquidity and credit position to prepare for Agency debt.
- Result: Trevian can help sponsors clean up asset-level accounting, repair credit and prepare for a conventional refinance. In this case, Trevian helped the sponsor organize the books and build up adequate liquidity to qualify for a Freddie Mac loan.