High leverage, non-recourse lending, with rates starting at 2.5%
NEW YORK (PRWEB) July 23, 2020
Trinity Street Capital Partners, expands its commercial mortgage platform to now include permanent, non-recourse, senior loans up to $150MM with interest-only options available. Experienced owners and investors will now have access to non-recourse loans, up to 85% of value for multifamily properties and up to 75% of value for commercial properties. The program will focus on the top 200 MSAs in the United States and will require a minimum occupancy of 80% and a minimum of 3 months of operating history.
A spokesperson for Trinity Street Capital Partners indicated that its non-recourse lending program has gained considerable traction in the last several months, as traditional banks have ratcheted back their lending business, due to Covid-19 and over exposure to certain property types. Trinity is now winning major deals across the country as the firm marries its non-recourse permanent finance programs with both its bridge and construction programs.
Trinity Street Capital Partners focuses on non-recourse, high leverage senior & subordinate debt and preferred equity with investments starting at $10MM on income producing anchored-retail, office, industrial, multifamily, manufacture housing communities, and self-storage properties located throughout the United States.
The Firm is a leader in providing senior & subordinate mortgages and equity for wide range of real estate transactions.
For more information about Trinity Street Capital Partners and the services it provides, go to http://www.trinitystreetcp.com.