Trellis Capital Partners Secures $16.1M Construction Loan For Mixed Use Asset In Bronx

The asset involved in this transaction is a mixed-use property located in the Bronx, featuring 50 fully affordable multi-family and retail units. The property is associated with a construction loan amounting to $16,100,000, with a term of 18 months, provided by Trellis Capital Partners and Metropolitan Commercial Bank.

Summary of transaction details:

• Property Type: Mixed use (Fully Affordable Multi & Retail)
• Transaction Amount: $16,100,000
• Loan Type: Construction
• Loan Terms: 18 Months
• Lender: Trellis Capital Partners & Metropolitan Commercial Bank
• Market: Bronx
• Units: 50

Trellis Capital Partners is a New York-based investment management firm that specializes in providing senior bridge loans, mezzanine debt, preferred equity, and structured credit for both commercial and residential real estate across the nation. Metropolitan Commercial Bank is also involved as a lender in this transaction.