 |
| Brett D. Forman |
ATLANTA, GA –– 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 LasOlas, 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.
Eric Kalis
Account Director, BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road
Suite 320 | Fort Lauderdale, FL 33322
No comments:
Post a Comment