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.