Private lender enters new market by funding multifamily redevelopment in Queens neighborhood

Palm Beach, Fla. and Astoria, Queens, N.Y. – Dec. 6, 2018 –Trez Forman Capital Group continued its successful year by completing its first transaction in New York. The private lender closed a construction loan for a multifamily redevelopment in the Queens neighborhood of Astoria.

The nearly $7 million loan will fund the construction of a 20-unit luxury rental building at 30-38 29th St. A condemned single-family home is presently located on the property.

Trez Forman President and CEO Brett Forman arranged the deal, which closed on Nov. 20.

“We are thrilled to successfully expand into New York through this transaction,” said Forman. “Our team is aggressively monitoring the market for additional opportunities in New York and throughout the tri-state area.”

The Astoria luxury apartment building will have various cutting-edge amenities, such as a virtual doorman and package locker – a feature that should be in heavy demand as Amazon opens a brand-new headquarters in Queens. Other features include a roof deck, on-site storage cages, bike storage, laundry facilities and 10 underground parking spaces.

Individual units will have wood floors, quartz countertops, stainless steel appliances and high ceilings.

For Trez Forman, a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders, the latest activity continues the momentum from a busy first 10 months of the year. The venture is on track to close more than a $500 million in deals in 2018.

Trez Forman provides commercial bridge loans for development and construction, and senior stretch financing starting at about $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

                                                                      #   #   #  #           

About Trez Forman Capital Group:  Founded in 2016, Trez Forman Capital is a Florida-based commercial bridge lender for development and construction, senior stretch first mortgages and special situations nationwide. It provides developers and property owners with quick approvals on flexible short to mid-term financing from $5M to $75M. The company also offers private and institutional investors equity investment opportunities in a variety of funds and assets. Trez Forman is a joint venture between Brett Forman’s mortgage lending firm, Forman Capital, and Trez Capital Group, one of Canada’s largest private commercial mortgage lenders. For more information, visit www.trezforman.com.

Palm Beach, Fla. and Charlotte, NC -- Trez Forman Capital Group has completed a $4.75 million loan that will be used for the development of a mixed-use real estate project in Charlotte, NC.   The 5.5-acre site is located at 7600 University City Boulevard near the University of North Carolina at Charlotte. 

Already approved for 390 multifamily and/or dormitory units, the land is across the street from LYNX Blue Line, Charlotte’s recently opened light rail system that feeds the college campus.

The developer/borrower, Sanctuary Holdings, NC, LLC, will use the loan proceeds to pay off existing debt on the property and to help fund the purchase of an additional 1.5 acres from Charlotte’s transportation department.  

The 5.5 acre parcel approved for the mixed use project is part of a 36-acre tract acquired in 2013.  The developer has already completed a 727-bed student housing facility that services students at UNC Charlotte.

This is the seventh loan that Trez Forman has made in North Carolina this year and the second in metro Charlotte.  In June, Trez Forman closed on a $42 million construction loan for a 297-unit Class A apartment community in the suburb of Huntersville.

Earlier this month, Trez Forman completed a $16.4 million loan to fund the acquisition of 57 acres in Hillsborough, North Carolina just outside of Durham and Chapel Hill.

In February, a developer borrowed $35 million to develop a mixed-use project in Wilmington, and in May, the lender completed a $2.5 million acquisition loan for a 195-acre residential development site in Surf City.

“We continue to be bullish on North Carolina, especially in metro areas like Charlotte that have strong fundamentals,” said Forman. “We have no plans to slow down our search for similar opportunities in the region.”

Trez Forman is a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders.  The venture is on track to close more than a $500 million in deals by the end of this year.

Trez Forman provides commercial bridge loans for development and construction and senior stretch financing starting at about $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

Palm Beach, Fla. and Charlotte, N.C.- July 6, 2018-- Trez Forman Capital Group has closed a $42 million construction loan for a large-scale residential development in the Charlotte, N.C. suburb of Huntersville. The borrower plans to develop a Class A, 20-building community with 297 units – mostly garden-style apartments with a mix of for-rent townhomes.  

Trez Forman President and CEO Brett Forman arranged the transaction, which closed on July 5.

Caldwell Station NC, LLC is the borrower. The company’s development will also include 371 parking spaces and an array of amenities, such as a resort-style saltwater pool, clubhouse, fitness/cardio studio, lounge area and dog park.

The 17355 Old Statesville Road project site is in close proximity to the Northcross Shopping Center, which is home to Harris Teeter, Homegoods, Lowe’s Home Improvement, Petco, Staples and many more retailers. Numerous restaurants and hotels are only a few minutes away.

This is the fourth loan that Trez Forman has made in North Carolina this year as part of its efforts to increase its presence in the Carolinas.

In February, a developer borrowed $35 million from the lender to develop a mixed-use project in Wilmington.  In May, Trez Forman closed on a $17.24 million loan for the acquisition of a 138-acre residential development site in the Raleigh-Durham-Chapel Hill metro area. Around the same time, the lender completed a $2.5 million acquisition loan for a 195-acre residential development site in Surf City. 

“It is exciting to continue our Carolinas activity with this Huntersville transaction,” said Forman. “This is a suburban submarket with a strong appetite for Class A apartment product. We continue to target similar opportunities in the region.”

For Trez Forman, a joint venture formed in 2016 by Boynton Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders, the latest activity continues the momentum from a first quarter highlighted by more than $200 million in completed deals. The venture is on track to close more than a half-billion dollars in deals in 2018.

Trez Forman provides commercial bridge loans for development and construction and senior stretch financing starting at about $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

138-acre parcel slated for 880-unit Collins Ridge project in Hillsborough

Hillsborough, NC/Palm Beach, Fla. – (May 29, 2018) – Florida-based Trez Forman Capital Group has completed a $17.24 million loan that will be used to fund the purchase of a 138-acre parcel in Hillsborough, North Carolina, just outside of Durham and Chapel Hill.  The borrower has plans to develop a master-planned community called Collins Ridge off of I-85 near South Churton and Orange Grove streets. Most of the development will take place on 125 acres north of the highway.

The borrower is Collins Ridge Landco, LLC. Brett Forman originated the loan for Trez Forman. 

“Hillsborough is an established residential town that has seen strong sales activity on new master-planned communities recently,” said Forman, CEO of Trez Forman.  “Based on that, and its proximity to employment centers in the Raleigh-Durham metro area, we feel like this project has a lot of potential for success.”

Plans call for 880 residential units including 322 townhomes, 238 single-family homes and a 320-unit apartment community. A national homebuilder already has a contract to purchase the single-family and townhome sites, which also made the deal appealing to the lender. 

This is Trez Forman’s third loan completed in North Carolina this year.  In February, East West Partners of Chapel Hill borrowed $35 million to develop a mixed-use project in Wilmington, NC called River Place. More recently, Trez Forman funded a $2.5 million loan for residential lot development nearby in Surf City.  

Trez Forman is a joint venture formed in 2016 by Palm Beach, Florida-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders.  The firm provides commercial bridge loans for development and construction and senior stretch financing starting at $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

Since the start of the year, it has closed nearly $250 million in commercial loans and expects to double that output by the end of 2018. 

###

About Trez Forman Capital Group:  Founded in 2016, Trez Forman Capital is a Florida-based commercial bridge lender for development and construction, senior stretch first mortgages and special situations nationwide. It provides developers and property owners with quick approvals on flexible short to mid-term financing from $5M to $75M. The company also offers private and institutional investors equity investment opportunities in a variety of funds and assets. Trez Forman is a joint venture between Brett Forman’s mortgage lending firm, Forman Capital, and Trez Capital Group, one of Canada’s largest private commercial mortgage lenders. For more information, visit www.trezforman.com.

South Florida private direct lender projected to generate $400 million in 2018 deals

ATLANTA, GA – March 9, 2018 – Trez Forman Capital Group completed a $13.5 million construction loan to Greystone Development Partners, LLC. The company plans to develop a 115-unit townhome-style multifamily community with substantial amenities in the Atlanta suburb of Hiram.

For Trez Forman, a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders, the latest transaction continues a busy stretch with numerous closed transactions. The venture is projected to complete more than $400 million in deals in 2018.

The construction loan closed on March 5.

“This is an exciting transaction for us, as Atlanta is a particular area of focus as we pursue new opportunities,” said Brett D. Forman, President and CEO of Trez Forman.

“As a former resident of Atlanta, I am deeply familiar with the strengths of the city and its business community,” said Forman. “Hiram is a suburban area that is experiencing rapid expansion and job growth, which should give this project a competitive advantage.”

Trez Forman provides commercial bridge loans for development and construction and senior stretch financing starting at $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

Last month, the company closed an $85 million construction loan to a Fort Lauderdale joint venture that plans to develop 4 West Las Olas, a riverfront 260-unit luxury rental project with approximately 12,000 square feet of retail and 387 parking spaces.

In December 2017, Trez Forman completed a $74.8 million construction loan to Dallas-based developer Lincoln Property Co. for the 26-story Church Street Plaza project planned for downtown Orlando. That transaction followed a $23.15 million construction loan to Encore Capital Management for the redevelopment of a retail center in suburban Fort Lauderdale, Florida into a mixed-use project.

###

About Trez Forman Capital Group:  Founded in 2016, Trez Forman Capital is a Florida-based commercial bridge lender for development and construction, senior stretch first mortgages and special situations nationwide. It provides developers and property owners with quick approvals on flexible short to mid-term financing from $5M to $75M. The company also offers private and institutional investors equity investment opportunities in a variety of funds and assets. Trez Forman is a joint venture between Brett Forman’s mortgage lending firm, Forman Capital, and Trez Capital Group, one of Canada’s largest private commercial mortgage lenders. For more information, visit www.trezforman.com.

211-acre vacant land in Riverview zoned for 781 single-family homes

BOYNTON BEACH/TAMPA, FL – March 6, 2018— South Florida-based Trez Forman Capital funded a $19.6 million loan for a 211-acre site located in suburban Tampa.  Brett Forman originated the loan on behalf of Trez Forman. The borrower is affiliated with Eisenhower Property Group, LLC.

The loan will be used to acquire and develop the site in Riverview, which is already zoned for 781 single-family homes.  The developer plans to sell lots to Miranda Homes, Lennar/CalAtlantic, and Pulte to build in four different phases. The site is conveniently located near major highways and retail centers in a fast-growing section of South Hillsborough County, a short drive from Tampa.

“This relationship borrower has a strong track record developing quality residential projects in South Hillsborough County,” said Forman, CEO of Trez Forman.  “We think this area has both short-and-long-term viability for success.”

The master-planned community, to be called Ventana, is located at the northeast corner of Fern Hill Drive and Symmes Rd in Riverview, just east of I-75.

Trez Forman is a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders. It provides commercial bridge loans for development and construction and senior stretch financing starting at $5 million.

The venture also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

Since the beginning of the year, Trez Forman has closed more than $180 million in new loans including one for $35 million to finance construction of a mixed-use project in Wilmington, N.C. and a $47 million loan for a new active adult rental community in Venice, Florida.  The firm expects to close approximately $400 million in new business by the end of this year.

###

About Trez Forman Capital Group:  Founded in 2016, Trez Forman Capital is a Florida-based commercial bridge lender for development and construction, senior stretch first mortgages and special situations nationwide. It provides developers and property owners with quick approvals on flexible short to mid-term financing from $5M to $75M. The company also offers private and institutional investors equity investment opportunities in a variety of funds and assets. Trez Forman is a joint venture between Brett Forman’s mortgage lending firm, Forman Capital, and Trez Capital Group, one of Canada’s largest private commercial mortgage lenders. For more information, visit www.trezforman.com.