East 73rd Street Mixed-Use Recapitalization
$12,350,000
Manhattan, NY
- Loan Type: Recapitalization Financing
- Property: Mixed use mid-rise comprised of 13 apartments and five medical offices.
- Scenario: Trevian's loan was used to refinance a defaulted first mortgage and provide the sponsor, who had recently inherited the property, with time to formulate a business plan.
- Result: Trevian helps troubled sponsors solve short-term problems and pave the way for a conventional refinance.
