East 73rd Street Mixed-Use Recapitalization


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.