News Column

Trevian Capital Funds $24,750,000 in Bridge Loans in 30 Days

February 7, 2014

By a News Reporter-Staff News Editor at Real Estate Weekly News -- Trevian Capital , a direct lender that provides flexible and reliable short-term bridge loans for commercial real estate opportunities nationwide, funded two first-mortgage bridge loans totaling $24,750,000 . Both loans were made to institutional borrowers. Washington, DC - $8,300 ,000: Closed in three weeks over Thanksgiving Trevian Capital provided an $8,300,000 first mortgage bridge loan secured by a 150-room Comfort Inn and a 200-room Days Inn , both located in metropolitan Washington D.C. The proceeds from the first mortgage loan were used to recapitalize the properties and to cover a one-time shortfall in operating capital at the corporate entity level, which resulted from a failed organizational change. Trevian Capital was able to provide a timely and creative solution for a publicly traded REIT at a time when they needed it most. Raleigh, NC - $16,450 ,000: Required creative structuring Trevian Capital funded a $16,450,000 first mortgage bridge for the acquisition and upgrade of a 256,805 square foot shopping center in a prime retail corridor in Raleigh, NC . Additional proceeds were reserved to fund tenant improvements and leasing commissions for newly signed tenants. Trevian Capital was able to structure the loan in a manner that i) was sensitive to the Borrower's short-term financing requirement, ii) provided ample liquidity for repositioning the asset, and iii) rewarded asset-level and cash flow improvements. In addition, Trevian Capital structured around a partial collateral-release in exchange for the addition of new anchor tenants delivered upon closing. Keywords for this news article include: Real Estate, First Mortgage, Trevian Capital . Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Real Estate Weekly News


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