Trinity Street Capital Expands Non-Recourse Financing to $250M
Trinity Street Capital Partners Expands Financing Options
Trinity Street Capital Partners (TSCP), a leading name in real estate finance, has recently expanded its non-recourse construction lending program. This substantial enhancement allows loan amounts ranging from $25 million to an impressive $250 million. This initiative aims to support projects across various sectors, including multifamily, industrial, self-storage, and retail.
New Lending Program Details
The newly updated program offers significant benefits, enabling seasoned owners and investors to access non-recourse construction loans. The terms include financing up to 85% of project costs for multifamily, industrial, and self-storage properties, while office, retail, and hospitality sectors can secure up to 65% of costs. This development underscores TSCP's commitment to supporting diverse real estate projects.
Market Response and Growth
The spokesperson for TSCP revealed that the non-recourse construction lending program has garnered considerable traction recently. While traditional banks are cautious due to the current economic landscape, TSCP piles up deals across the nation, combining its non-recourse construction lending with its bridge and permanent finance solutions. This approach not only enhances capital access but affirms TSCP's position in a competitive market.
Interest Rates and Loan Structures
Interest rates for these loans commence at the 30-day Libor plus 2.50%, while their permanent loan program offers rates starting at the 10-year US Treasury plus 150 basis points, with potential financing up to 75% of the property's value. These attractive terms indicate TSCP's eagerness to facilitate real estate investment.
Commitment to Diverse Real Estate Financing
At its core, Trinity Street Capital specializes in high leverage senior and subordinate debt as well as preferred equity. Investments begin at $10 million, catering to a range of income-producing properties, including anchored retail spaces, offices, industrial sites, and multifamily housing. This wide array of offerings positions TSCP as a premier option for those seeking funding for diverse real estate transactions.
How TSCP Stands Out
With a strong reputation for providing both senior and subordinate mortgages, along with equity financing, Trinity Street Capital Partners continues to be a leader within the real estate finance sector. Their focused approach and adaptability amidst evolving market conditions sets them apart from traditional lenders, making them a trusted partner for investors and property owners alike.
Conclusion and Future Prospects
As the demand for innovative financing solutions grows, Trinity Street Capital Partners is well-prepared to meet the needs of the market. Their extensive experience and flexible lending options equip them to navigate the complexities of real estate financing, ensuring they remain a go-to source for capital.
Frequently Asked Questions
What is Trinity Street Capital Partners known for?
Trinity Street Capital Partners specializes in real estate finance, providing various lending options including non-recourse construction loans.
What types of properties can TSCP finance?
TSCP offers financing for multifamily, industrial, self-storage, retail, office, and hospitality properties.
What is the maximum loan amount available through TSCP?
The maximum loan amount available through Trinity Street Capital Partners' new program is $250 million.
How much can I borrow for different property types?
For multifamily, industrial, and self-storage properties, you can borrow up to 85% of costs; for retail and office, up to 65%.
Where can I learn more about TSCP services?
You can learn more about Trinity Street Capital Partners and their services by visiting their official website.
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