Trinity Street Capital Partners Announces the Origination of a Non-Recourse, Commercial Mortgage on a Portfolio of Retail Properties Located in the San Ramon Valley of CA
Summary
The transaction had multiple challenges, including the necessity to work around optionality features of subordinate debt and a historical ground water contamination matter at one of the parcels.Trinity Street Capital Partners focuses on non-recourse, high leverage senior & subordinate commercial mortgages and real estate private equity, with investments starting at $5MM on income producing retail, office, industrial, multifamily, manufactured housing communities, self-storage and hospitality properties located throughout the fifty states.New York, NY, October 13, 2017 --( PR.com )-- Trinity Street Capital Partners (TSCP) (www.trinitystreetcp.com), a full service real estate investment bank, announces the origination of a $29MM first mortgage on a portfolio of four retail properties located in Danville, Walnut Creek and Costa Mesa, CA.The portfolio was largely unanchored properties, though well located, which made it possible to offer a 75% LTV (loan-to-value) mortgage, with a 10 year fixed rate term and 30 year amortization period.The transaction had multiple challenges, including the necessity to work around optionality features of subordinate debt and a historical ground water contamination matter at one of the parcels." Trinity Street specializes in working with clients in leveraging challenging retail real estate opportunities cross the United States, providing high leverage, non-recourse commercial mortgages, mezzanine finance and preferred equity.Trinity Street Capital Partners focuses on non-recourse, high leverage senior & subordinate commercial mortgages and real estate private equity, with investments starting at $5MM on income producing retail, office, industrial, multifamily, manufactured housing communities, self-storage and hospitality properties located throughout the fifty states.