Trevian Capital Funds $16,925,000 in Bridge Loans in past Three Weeks

NEW YORK, Sept. 9, 2014 /PRNewswire/ -- Trevian Capital, a direct lender that provides flexible and reliable short-term bridge loans for commercial real estate opportunities nationwide, funded three first-mortgage bridge loans totaling $16,925,000 in the past three weeks.   

Sherman & Denison, TX - $6,125,000

Trevian Capital funded a $6,125,000 first-mortgage bridge loan secured by a 7-property, 269 unit multifamily portfolio in Sherman & Denison, TX.  The purpose of the financing was to pay off and consolidate five existing loans on the properties, fund capital improvements, and rehabilitate the borrower's liquidity and credit in order to facilitate long-term conventional financing.

Bloomington, IN - $3,100,000

Trevian Capital funded a $3,100,000 first-mortgage bridge loan secured by a 100% occupied portfolio of office and mixed-use assets in Bloomington, IN.  Trevian's time-of-the-essence execution allowed the borrower to maintain a $500,000 principal reduction from the existing lender that would have been clawed back had the matured and defaulted loan not been paid off by August 20, 2014.  Trevian's familiarity with the market facilitated its speed and certainty of execution.

Hicksville, NY - $7,700,000

Trevian Capital funded a $7,700,000 first mortgage bridge loan secured by a grocery-anchored retail center in Hicksville, NY.  The proceeds from the loan enabled the borrower to exercise a time-sensitive purchase option and to reserve funds to construct an additional 9,320 SF of retail space in the near term.  Trevian's creative, structured financing will allow the sponsor to maximize their value-add strategy within 12-18 months. 

Michael Hoffenberg, Founder and Managing Principal, made the announcement:

"These three transactions strengthen Trevian Capital's reputation as a creative, reliable and fast-acting financing source for bridge lending opportunities in the middle market, nationwide.  All three borrowers in these transactions were local owner/operators, and Trevian was able to leverage its institutional lending platform to provide timely, tailor-made, localized solutions that will empower the sponsors to execute their stated business plans."

Trevian Capital (www.treviancap.com) provides flexible, reliable and timely first-mortgage bridge lending solutions to the commercial real estate industry. 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, attention to special circumstances, and certainty of execution are critical. 

With roots in Chicago and New York, Trevian Capital lends nationwide.

Contact: Michael Hoffenberg (212) 376-5636; [email protected]; www.treviancap.com

SOURCE Trevian Capital