Trevian Capital Funds $2,205,000 Brooklyn, NY First Mortgage Bridge Loan

NEW YORK, April 3, 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 $2,205,000 first–mortgage bridge loan secured by two 100% occupied properties in Brooklyn, NY. Loan proceeds are being used by the borrower to retire two maturing loans and fund capital improvements. The loan is cross-collateralized by a 4,600 square-foot mixed-use property and a 6,429 square-foot multifamily property; both are located in strong Brooklyn sub-markets.

"The Borrower came to Trevian Capital after being turned down by a local bank due to credit and asset specific issues that disqualified them from a traditional loan. We were able to move quickly to get our arms around the issues of the deal and close the transaction in three weeks, a turnaround that was crucial since the Borrower faced losing both properties to the existing lender," said Michael Hoffenberg, Founder and Managing Principal.  "Our ability to act quickly and provide dependable financing exemplifies Trevian Capital's bridge lending platform."

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. 

SOURCE Trevian Capital

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