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Trinity Street Capital Expands Commercial Mortgage Platform
Trinity Street Capital Partners has expanded its commercial mortgage platform to now include permanent, non-recourse, senior loans up to $150 million with interest-only options available.
The advisory firm and asset manager, headquartered in the Financial District, said experienced owners and investors will now have access to non-recourse loans, up to 85% of value for multifamily properties and up to 75% of value for commercial properties.
The program will focus on the top 200 MSAs in the U.S. and will require a minimum occupancy of 80% and a minimum of three months of operating history.
Trinity Street said its non-recourse lending program has gained considerable traction in the past several months, as traditional banks have ratcheted back their lending business, due to Covid-19 and over exposure to certain property types.
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