Private commercial real estate lender also adds two loan originators to Eastern U.S. division as new business opportunities flourish  

PALM BEACH, Fla. -- Trez Capital, a private real estate lender helping to build better communities across North America, promoted Ben Jacobson to Managing Director of the Florida office. Jacobson previously served as a Vice President, Origination. In his new role, he will continue to be responsible for generating new debt and equity deals for the Eastern U.S. division.    

Since the start of 2021, Jacobson has originated more than $250 million in loan value. Most recently, he landed a $75.2 million construction loan for a 354-unit luxury apartment community in Sarasota called SOTA 75 and a $64.7 million loan for a 293-unit rental project in Dania Beach, Florida called The Elevate.

Prior to joining Trez Capital in 2016, Jacobson gained experience in the industry at two other capital market firms as an analyst and underwriter, working on more than $3 billion worth of deals. 

“Ben has been a tremendous asset since joining Trez Capital five years ago as an associate,” said Brett Forman, Executive Managing Director, Eastern U.S. “He has played a big role in helping us grow our book of business, and I anticipate big things out of him in the future.  His promotion is well-deserved.”

In addition to Jacobson’s promotion, Trez Capital added two more originators to the Eastern U.S. division, which is based in Palm Beach, Florida.  Michael Allen and Bob Dockerty both serve as Associates, Origination and are responsible for sourcing new business.

Trez Capital provides short-term debt and equity financing typically between six months and 36 months in term ranging from $5 million up to $100 million in loan value.  Trez Capital is on pace to originate about $2 billion in loans by year’s end, with approximately $800 million in value being produced from the Eastern U.S. division, which includes the Palm Beach office and one in Atlanta, Georgia.  

In March, Trez Capital hired Caperton “Cap” Putt to lead the Atlanta office as Managing Director, Origination, and subsequently added Ryan Hodgdon as Vice President, Origination. 

“Our success this year is largely driven by the boom in residential construction coupled with having the right talent on the ground,” Forman said. “We continue to focus on communities with high job growth where most of the new development is taking place. As the market continues to do well, we will continue putting the right people in place to take advantage of the opportunities.”     

The Alloro at University Groves to feature 183 apartments for 55-plus age group

SARASOTA/PALM BEACH, Fla. -- Trez Capital, a private real estate lender helping to build better communities across North America, provided a $48 million loan to fund construction of a 55-plus rental community. The Alloro at University Groves will be located on 6.68 acres at 3415 Broadway Ave., Sarasota, Florida. Construction is underway, and the project is expected to be delivered in approximately two years.

The Alloro will feature three four-story buildings with 183 apartments offered at market rates and a 14,000-square-foot clubhouse that will be the focal point of active living. 

The community will offer a host of amenities and social activities tailored for today’s aging baby boomer.  Examples include Bocce Ball and Pickleball courts, resort-style pool and sauna, movie theater, game room, hair and nail salon and a gym.  There will also be staff to lead classes and coordinate activities. 

Vice President, Origination at Trez Capital, Scott Mehlman, originated the loan from the company’s Palm Beach, Florida office.

“We really love this project because it is unique for Sarasota,” Mehlman said. “You usually only find this level of amenities and service at senior facilities that offer assisted living and memory care.  The Alloro is for people over 55 who live independently, want to stay active and healthy, and meet new friends who desire the same kind of lifestyle.” 

The borrower is US Senior, LLC, which has been developing and managing independent senior living facilities for more than 35 years, with properties in New York, Florida, Georgia, Illinois and Colorado. It is the company’s first project in the Sarasota market.

“This borrower has an excellent reputation for developing 55-plus communities around the country, and we anticipate they will do exceptionally well in Sarasota, which has always been very attractive to well-heeled retirees,” said Brett Forman, Executive Managing Director, Eastern U.S.  “When we evaluate lending opportunities, we look at the needs of a community, and in this case, there is a need for independent living ‘light’ that Alloro offers.”   

This is the second loan Trez Capital has made on a new residential development in Sarasota in the past month.  On June 30, it funded a $75 million construction loan for a 354-unit luxury apartment rental community called SOTA 75.

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ATLANTA, GEORGIA – Trez Capital, a private real estate lender helping to build better communities across North America, continues to grow its Atlanta office.   The company hired Georgia native Ryan Hodgdon as Vice President of Origination just two months after adding veteran real estate lender Caperton “Cap” Putt as Managing Director.

In his new role, Hodgdon is responsible for originating new commercial real estate loans primarily in Georgia, extending to Tennessee, Alabama and the Carolinas.   

Hodgdon has nearly a decade of experience working in real estate finance.  Immediately prior to joining Trez Capital, he was a Senior Vice President for Bank OZK in Atlanta, where he focused on construction and value-add projects between $3 million and $30 million.  Hodgdon started in the business at Trimont Real Estate Advisors, which managed distressed assets for Lehman Brothers.  He also worked as a Portfolio Manager for Voya, originating $145 million worth of loans over two years. 

“We are thrilled to have a professional of Ryan’s caliber join our office,” said Putt.  “He understands the Atlanta market and has a lot of strong relationships with owners and developers in the area. He is an important addition and well positioned to help us grow here.”

“I couldn’t be more excited to join Trez Capital,” said Hodgdon. “Everyone here is focused on working together to find ways to make a deal work.  We have a rigorous results-oriented, risk-managed approach when evaluating opportunities, and offer flexibility that you may not find at more traditional lenders.  At Trez Capital, there is an entrepreneurial mindset backed by institutional capital, which I believe gives us a competitive edge.”

Hodgdon received his undergraduate degree from the University of Georgia and his master’s degree from New York University.

Trez Capital provides short-term debt and equity financing typically between six months and 36 months in term ranging from $5 million up to $100 million in loan value. 

In Atlanta, the private lender is targeting construction and acquisition loans in the residential sector including apartments, condominiums, townhomes, single-family home lot development and single-family home rentals.  On the commercial side, it sees opportunity in office/industrial and hospitality now that are coming out of the pandemic.

In 2021, Trez Capital funded a $12 million construction loan for a new townhome rental development in Lawrenceville, Georgia.  Oher notable transactions in the Atlanta metro area over the past few years include a $18  million first mortgage for the acquisition of a downtown Atlanta hotel and a $26.7 million acquisition and construction loan for a 67-acre mixed-use project and entertainment center known as the Exchange at Gwinnett in Buford, northeast of Atlanta. 

The Atlanta office is located at 3414 Peachtree Road NE, Suite 270 in the Buckhead district. Hodgdon can be reached at (470) 206-7006 or email This email address is being protected from spambots. You need JavaScript enabled to view it..  

Private lender continues Florida push with Corsica at Talis Park construction loan

NAPLES/PALM BEACH, FL (May 25, 2021) -- Trez Capital, a private real estate lender helping to build better communities across North America, funded an $8.34 million loan for the site acquisition and construction of new single-family homes within a large development in Naples, Florida. The project, Corsica at Talis Park, is part of the broader Talis Park community, which features 224 single-family homes, 268 condominiums, a clubhouse, restaurants and a Pete Dye and Greg Norman-designed golf course.

Corsica Talis Park Owner JV 2 is the borrower. The transaction closed on May 14. Trez Capital Executive Managing Director, Eastern U.S., Brett Forman and Vice President, Origination Scott Mehlman originated the transaction on behalf of the lender.

The borrower plans to build 12 single-family coach-style homes averaging 2,957 square feet in size on nearly two acres at 16304 Corsica Way. Construction is set to begin immediately. Ten of the 12 homes are pre-sold, and about 90% of the entire Talis Park development is sold out.

Additional Talis Park amenities include a spa, gym, two swimming pools, six tennis courts and golf facilities to complement the golf course.

“Like many communities in Florida, Talis Park has benefitted from the massive influx of new residents moving to the state,” Forman said.  “The sharp rise in population intensifies the need for new housing in Florida’s most desirable markets, including Naples. The lack of supply is also driving significant price increases.”

Trez Capital is funding numerous residential and multifamily developments throughout Florida. In Central Florida, the lender has closed nearly $20 million in lot development financing over the past six months. It also recently funded a $44.14 million first mortgage construction loan for a new apartment community near Daytona Beach.

“We apply our rigorous results-oriented, risk managed approach when evaluating opportunities,” said Forman. “Our criteria for selecting a lending or investment opportunity is to focus on markets with a growing population and higher-than-average job growth. Florida is a market where we see a lot of opportunity.”

In February 2021, Trez Capital closed a $70 million first mortgage construction loan for the Block 40 apartment and retail project in downtown Hollywood, Florida.

Trez Capital provides short-term debt and equity financing typically between six months and 36 months in term ranging from $5 million up to $100 million in loan value. 

About Trez Capital

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured, high-yield mortgage investment funds, and provides property developers and owners with quick approvals on flexible short- to mid-term financing.

With offices in Vancouver, Toronto, Dallas, Atlanta and Palm Beach, Trez Capital has over $3.9 billion in assets under management and has funded over 1,500 transactions totaling more than $12.5 billion since inception. For more information, visit www.trezcapital.com.

Experienced industry professional brings vast market knowledge, relationships to private lender

ATLANTA, GEORGIA – Trez Capital, a private real estate lender doing business throughout North America, is making a significant push in the Atlanta market. The firm hired longtime real estate finance professional Caperton Putt as Managing Director of its Atlanta office.

Putt brings more than three decades of industry experience to Trez Capital. He most recently served as Senior Vice President-Southeast Market Manager at Citizens Bank, NA. Putt opened Citizens’ Atlanta office, built a team of lenders and underwriters, and was ultimately promoted to oversee both the Charlotte and Atlanta offices covering privately held real estate developers in the Carolinas, Georgia, Alabama and Florida.

Before that, Putt spent eight years as Senior Vice President-Regional Credit Officer at Iberiabank (formerly Georgia Commerce Bank before it was acquired by Iberiabank in 2015). His lending experience includes construction and property acquisition financing for multifamily, office, industrial, retail and land transactions.

“Caperton is the ideal person to carry out our expansion plans for our core lending platform and a high-performing team in Atlanta and the broader Georgia market,” said Brett Forman, Trez Capital Executive Managing Director, Eastern U.S. “The market is benefitting greatly from domestic migration and new corporate relocation to join major employers with large regional offices there, including Google and Microsoft. As we look to build a better future in these markets, we are also looking to enable sustainable growth.”

At Trez Capital, Putt is particularly targeting residential lot development, multifamily and industrial lending opportunities, while continuing to be the leading provider of creative investment solutions.

“I am excited to be part of an entrepreneurial group at Trez Capital. As a private lender we are in a position to move faster and to be more nimble than a traditional bank,” Putt said. “We can be a one-stop shop for higher leverage loans in a market experiencing tremendous activity across most real estate sectors.”

Notable Atlanta-area transactions closed by Trez Capital include the $25.5 million first mortgage for the acquisition and renovation of a downtown Atlanta hotel and $26.7 million acquisition and construction loan for a 67-acre mixed-use project and entertainment center known as the Exchange at Gwinnett in Buford, northeast of Atlanta. 

The Atlanta office is located at 3414 Peachtree Road NE, Suite 270 in the Buckhead district. To reach Putt, call (470) 206-7001 ext. 7005 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Trez Capital provides short-term debt and equity financing typically between six months and 36 months in term ranging from $5 million up to $100 million in loan value. 

About Trez Capital

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured, high-yield mortgage investment funds, and provides property developers and owners with quick approvals on flexible short- to mid-term financing.

With offices in Vancouver, Toronto, Dallas, Atlanta and Palm Beach, Trez Capital has over $4.1 billion in assets under management and has funded over 1,500 transactions totaling more than $12 billion since inception. For more information, visit www.trezcapital.com.

Developer obtains construction financing for 288-unit EDEN Crystal Lake project in rapidly growing city

MIAMI and PORT ORANGE, FL – March 11, 2021 – Leading developer EDEN Multifamily, founded by industry veterans Jay Massirman and Jay Jacobson, started construction on EDEN Crystal Lake in Port Orange – a growing city near Daytona Beach. EDEN is building 288 Class A, garden-style apartments in the burgeoning suburban area.

EDEN secured $45.33 million in construction financing from private real estate lender Trez Capital for the project. The transaction closed on March 5, 2021.

Located on 19.5 acres at 1270 Reed Canal Road, EDEN Crystal Lake will have a mix of one, two and three-bedroom apartments with 9-foot ceiling heights, granite countertops, high-end appliances, walk-in closets and balconies/patios in three-story buildings. Planned amenities include a clubhouse, resort-style pool, state-of-the-art fitness center, lakefront boardwalk, dog park with a grooming station, expansive lawn areas and detached garages.

The EDEN Crystal Lake site is located within four miles of the pristine beaches of Daytona Beach, the Daytona International Speedway, Daytona Beach International Airport and LPGA headquarters. It is also near the I-95 and I-4 highways, major retail and dining, three post-secondary educational institutions and more than 72,000 healthcare industry employees. The nearby Embry-Riddle Aeronautical University is the No. 1 aeronautical engineering school in the world and the nation’s top aviation school.

Construction of EDEN Crystal Lake is scheduled for completion in mid-2022.

“Port Orange and the Daytona MSA fit perfectly with our broader strategy to target fast-growing employment centers that are underserved when it comes to Class A apartment options,” Jacobson said. “It is emerging as a convenient alternative to more dense and overpopulated Florida markets with an unparalleled quality of life.”

The Daytona MSA is projected to experience $3.96 billion in economic growth between 2020 and 2025, with a forecast of more than 39,400 new residents and 25,130 new jobs created.

IP Investment Management is an equity partner in EDEN Crystal Lake. The privately held real estate investment company is based in Singapore, with an expanding portfolio of U.S. multifamily assets.

MSA Architects is EDEN Crystal Lake’s architect. Summit Contracting Group is the general contractor for the project.

Cushman & Wakefield arranged the construction financing on behalf of EDEN.

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About EDEN Multifamily: A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. Eden Multifamily is currently developing over 750 units throughout central and South Florida. For more information, visit www.edenmultifamily.com.

About IP Investment Management: IP Investment Management ('IPIM') is a real estate investment manager focused on delivering returns for investors through its value-add and opportunistic private equity real estate funds. The Company sources investments in developed markets (UK, Europe, US, Australia) with a strong focus in student accommodation, PRS/multifamily, and hospitality. IP Investment Management (HK) Ltd is licensed by the Hong Kong Securities and Futures Commission for Type 4 (Advising on Securities) and 9 regulated activity (Asset Management) and its investments are only available to Professional Investors.IP Investment Management Pte. Ltd. is a Licensed Fund Management Company, holding a Capital Markets Service licence in fund management issued by the Monetary Authority of Singapore, and its investments are only available to Accredited Investors. For more information, visit www.ip-im.com/.

About Trez Capital: Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured, high-yield mortgage investment funds, and provides property developers and owners with quick approvals on flexible short- to mid-term financing.

With offices in Vancouver, Toronto, Dallas, Palm Beach, New York and Montreal, Trez Capital has over $4.1 billion in assets under management and has funded over 1,500 transactions totaling more than $12 billion since inception. For more information, visit www.trezcapital.com.

About Summit Contracting Group: Since its founding, Summit has built over 100,000 multifamily units across the nation. Its vast experience and success is about more than just production. It’s about a commitment to excellence, unparalleled customer service and no-nonsense approach to its work. Marc Padgett leads Summit as President, and his years of experience at each level of construction management have shaped his expertise. Summit’s project teams are also led by Division Managers that represent the best multifamily professionals the industry has to offer. For more information, visit www.summit-contracting.com.