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| Trez Forman |
All but one of the projects are completely pre-sold to major
homebuilder DR Horton.
The transaction was structured as a multi-tranche blanket mortgage. Trez Forman
had first mortgages on each of the existing projects before the latest deal.
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| Waterside, Surf City, NC |
Trez Forman President and CEO Brett
D. Forman arranged the loan.
The new financing is to be used to buy out a partner, supply working
capital for the borrower and provide equity for future projects.
Development sites in the portfolio include:
· Waterside,
a master-planned community in Surf City near Wilmington, N.C.
· Collins
Ridge, a large-scale community with plans for 880 residential units in
Hillsborough, N.C.
· Evergreen,
a Bradenton, Fla. site entitled for the development of 417 single-family homes
· Solera,
a 279-acre community approved for 675 single-family homes also in Bradenton,
FL.
 |
| Collins Ridge, NC |
"We are bullish about the developments secured by this
transaction, as evidenced by our prior role as first mortgage lender for each
project.”
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
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.
 |
| Evergreen Development, Bradenton, FL |
Trez Forman is a joint venture
between Palm Beach-based Forman Capital and Trez Capital
Group, one of Canada’s largest private commercial mortgage lenders with
approximately $3 billion in committed capital.
Trez Capital has originated
approximately $10 billion in loans since its inception.
CONTACT:
Eric Kalis
Vice President, BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road
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