Trevian Capital Funds $15,800,000 Chicagoland First Mortgage Bridge Loan

NEW YORK, May 6, 2013 /PRNewswire/ -- Trevian Capital, a direct lender that provides flexible and reliable short-term bridge loans for commercial real estate opportunities nationwide, has funded a $15,800,000 first-mortgage bridge loan secured by two garden-style apartment complexes totaling 322 units in Elgin, IL and South Haven, IN (both suburbs are in the Chicagoland market). Loan proceeds are being used by the Borrower to retire two maturing loans. The loan is cross-collateralized by a 184 unit, 99% occupied multifamily property and a 138 unit, 95% occupied multifamily property.

"Our ability to offer borrowers dependable and timely financing is the cornerstone of Trevian Capital's bridge lending platform," said Michael Hoffenberg, Founder and Managing Principal.  "For this specific deal, the Borrower required reliable execution from a lender that not only understood the Chicagoland market and broader Midwest, but also the dynamic circumstances.  This deal had a significant number of moving pieces."

Trevian Capital (www.treviancap.com) provides flexible, reliable and timely first-mortgage bridge lending solutions to the commercial real estate industry with a focus on the $1—$30 million middle market nationwide. Trevian Capital lends to borrowers whose needs do not meet conventional timing and/or underwriting guidelines. Trevian Capital specializes in non-traditional financing where expertise, local knowledge and attention to special circumstances are critical. 

With roots in Chicago, Trevian Capital is comfortable lending anywhere in the Midwest.

Contact: Michael Hoffenberg (212) 376-5636; [email protected]

SOURCE Trevian Capital

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