Trinity Street Capital Partners negotiates $17 million acquisition financing for 230 Plaza LLC

November 19, 2019 - Front Section

Nanuet, NY Trinity Street Capital Partners has originated $17 million in acquisition financing for Kohl’s Plaza, located along Rte. 59 in Rockland County. The 10-year agency loan features interest only payments for the duration of this transaction.  The debt was negotiated by Steve Trow and John Dragone, managing directors of Trinity Street, with Sam Trow, business development officer at Trinity Street.

The loan was originated and closed in 35 days through the assistance of the Dave Better team at Benefit Street Capital Partners.  The process was under a 1031 time constraint which closed the transaction for 230 Plaza LLC.

Steve Trow also represented the owner for the real estate sale of the transaction.  The funds were sourced from the sale of The Bradley Corporate Park in which Steve Trow represented this seller.

Additional tenants include CITYMD, Bob’s Discount Furniture and Rockland Music.

Trinity Street Capital Partners offers JV equity relationships along with over 30 years of corporate and CMBS debt experience on all asset classes. 

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