Trinity Street Capital Partners (TSCP), a full service real estate investment bank, expands its non-recourse Construction Lending Program, which will be applicable to all the same property types available in its Bridge & Permanent debt programs.
NEW YORK, NY, June 28, 2017 /24-7PressRelease/ — Trinity Street Capital Partners, a full service real estate investment bank, expands its Construction Lending program for its commercial mortgage platform. Experienced developers will now have access to non-recourse construction loans, up to 75% of cost for commercial & multifamily development and up to 65% of cost for hospitality projects. The program will focus on the top 100 MSAs in the United States and will require previous experience developing similar projects and have a minimum of 15% of project costs, invested as equity in the transaction.
A spokesperson for Trinity Street Capital Partners indicated that its construction lending program has gained considerable traction in the last several months, as traditional banks have ratcheted back their construction lending business, due to over exposure to the product type and concentration risk. Trinity is now winning major projects across the country as the firm marries it’s non-recourse construction programs with both its Bridge and Permanent finance 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 retail, office, industrial, multifamily, manufacture housing communities, self-storage and hospitality 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 www.trinitystreetcp.com and http://trinitystreetcp.com/debt-equity/debt-interim/construction-lending/ for Construction Lending programs.
Trinity Street Capital Partners (TSCP) is an advisory firm and asset manager of private funds. The firm has extensive experience in structuring all debt and equity layers of the capital stack for commercial real estate transactions. The firm is a subsidiary of Trinity Street Holdings, a financial service conglomerate. (www.trinitystreetholdings.com)
TSCP is a leader in engineering Balance Sheet or CMBS debt/equity solutions for wide range of real estate transactions.
We offer a range of innovative products and services to our clients. TSCP develops and preserves long term relationships with its clients by providing reliable service and optimal financing solutions. Our professionals focus on the client’s individual needs and objectives, as key determinants in structuring the appropriate financing for each transaction. We identify, evaluate and configure the most effective capital structure for each project while always keeping the clients priorities in mind.
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