Trez Forman Capital

On April 19, 2016 Trez Capital Group LP (“Trez”) announced a further expansion of our lending platform into the United States via a new partnership with Forman Capital LLC (“Forman”), and the launch of Trez Forman Capital Group LP.

Forman’s proficiency in the commercial real estate bridge, mezzanine, and equity financing markets in the United States is a great complement to Trez’s strong Canadian real estate lending platform. Trez Forman Capital Group will operate three investment strategies:

Opportunistic Bridge, Senior Stretch First Mortgages and Special Situations

Trez Forman originates first mortgage bridge loans secured by commercial real estate. These investments typically have characteristics that create hurdles to traditional lenders, such as quick closing requirements, special situations, foreclosure and/or bankruptcy, discounted loan payoffs and debtor in possession (DIP). Using disciplined underwriting with an emphasis on downside protection, we are able to quickly quantify risk. By providing unique and customized loan structures, we help borrowers create value in these special situations.

Subordinate Debt Originations/ 2nd mortgages

Trez Forman originates mezzanine loans, second mortgages, preferred equity and B-notes. Our borrowers are experienced, local and regional, middle market developers and operators with successful track records. These transactions typically have a value add component and one to three year investment periods, with fully capitalized business plans. The subject real estate is typically well located in primary and secondary markets. By investing with qualified sponsorship and well located real estate, we provide an efficient cost of capital and enable our borrowers to achieve their investment objectives.

Performing and
Non-performing Note Acquisitions

Trez Forman acquires performing and non-performing whole loans, B-notes and mezzanine loans secured by all asset classes of commercial real estate. These notes are either fixed or floating rate, have remaining terms of one to ten years, and are typically purchased at a discount. While maintaining disciplined underwriting standards, we will invest our capital at an attractive basis relative to the present value of the underlying collateral.

To submit a request for financing, please click here.

To learn more about Trez Forman Capital, please click here.

Recent Transactions

  • item.Name
     
    Condominium Construction
    Loan: US$17.5M
    Security Rank:First Mortgage
    Term:24 months
    Interest Rate:8.50%
    Loan-to-Value:57%
    Description:
    Seven (7) story, 20 unit condominium complex located on the intercoastal waterway.
  • item.Name
     
    Multifamily
    Loan: US$6.0M
    Security Rank:First Mortgage
    Term:24 months
    Interest Rate:11.00% plus 1.00% servicing fee
    Loan-to-Value:75%
    Description:
    Four (4) apartment communities with 351 units in Pascagoula, MS. And 206 offline units in New Orleans, LA
  • item.Name
     
    Retail
    Loan: US$19.5M
    Security Rank:First Mortgage
    Term:12 months
    Interest Rate:9.00%
    Loan-to-Value:85%
    Description:
    84,550 sq ft retail center. Major tenants: Sports Authority, Petsmart, AT&T, PNC, Chipotle
  • item.Name
     
    Residential
    Loan: US$13.1M
    Security Rank:First Mortgage
    Term:36 months
    Interest Rate:11%
    Loan-to-Value:60%
    Description:
    Two (2) residential homes with water-front views of New York City
  • item.Name
     
    Entitled Land
    Loan: US$11.0M
    Security Rank:First Mortgage
    Term:18 months
    Interest Rate:9%
    Loan-to-Value:52%
    Description:
    130 acres entitled for residential units.
  • item.Name
     
    Retail (Greensboro, NC)
    Loan: US$4.2M
    Security Rank:First Mortgage
    Term:24 months
    Interest Rate:9%
    Loan-to-Value:65%
    Description:
    63,306 sq ft retail center. Major tenants: Office Depot, H&R Block, Hooters, Dunkin Donuts and Dollar Tree