Trevian Capital funds $2.205 million bridge loan

Trevian Capital has funded a $2.205 million first mortgage bridge loan secured by two 100% occupied properties. 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 s/f mixed-use property and a 6,429 s/f multifamily property. "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."