Trinity Street Capital Partners offers mezzanine loans for commercial and residential real estate projects. Our Mezzanine loan program maybe utilized for ground up development, bridge loan opportunities or combined with the Trinity Street permanent loan program.
Mezzanine loan property types include the following; multifamily, student housing, manufactured housing, build for rent, office, industrial, retail, self storage and hotels.
A Mezzanine loan is subordinate to first mortgage debt and is collateralized the by a borrower’s equity interest in the property. A strong preference is given to transactions where Trinity Street is providing senior debt.
Loan Amount:
$5MM and up
Loan Term:
5- 10 years
Property Types:
Commercial and Residential
Lien Type:
Pledge of equity interest.
Loan-to-Value:
Up to 90% of appraised value (Subject property type, sponsorship and market)
DSCR:
Minimum of 1.05x
Origination fee:
1% and up
Exit Fee:
None
Prepayment:
Yield Maintenance for a minimum of 12 months
Recourse:
Non-recourse, subject to standard carve-outs
