Trez Capital is pleased to announce the launch of
Trez Commercial Mortgage LP
a Commercial Mortgage-Backed Security (CMBS) Conduit
Vancouver, May 12, 2014 - Trez Capital Group LP, a leading short-term bridge lender to experienced commercial developers, is pleased to announce the launch of Trez Commercial Mortgage LP (“TCM”). TCM will focus on providing long-term financing on stabilized income producing commercial properties across Canada.
As a Partner and Managing Director, Ross Brennan is leading the build out of the Trez CMBS platform. Mr. Brennan has been in the real estate debt business for the last 35 years, most recently as the President and CEO of Otera Capital (Caisse de dépôt et placement du Québec), where he oversaw $12.5 billion of assets. Prior to Otera, Mr. Brennan was a founding Principal of the Canadian CMBS business, having started TD Bank’s and Colliers International’s CMBS conduits, originating over $3 billion of mortgage product into CMBS issues. Throughout his distinguished career, Mr. Brennan has also held senior positions at TD Bank, TD Securities, Trizec Hahn and GE Capital.
“We are thrilled to have someone of Ross’s experience and qualifications join Trez Capital to help us expand our lending platform“, said Morley Greene, Chairman and Managing Partner of Trez Capital Group LP. “There continues to be an increased demand for long-term financing and Trez has the relationships, infrastructure and expertise to provide reliability, speed, and certainty of execution to our borrowers. The launch of TCM is a natural evolution in the expansion of our lending business and we are pleased to be able to offer this service.”
“I am thrilled to be a part of the Trez team and see great potential for growing the lending platform”, said Mr. Brennan. “We are looking forward to being an active participant in what we predict will be a return of the CMBS platform to historical healthy levels”.
Commercial Mortgage-Backed Securities are fixed rate investment grade bonds rated by at least two rating agencies. They have a multi-class structure starting with investment-grade bonds that are rated AAA and extending all the way down to non-investment grade. The investment grade bonds are sold to investors depending on their risk/reward appetite. All of the underlying mortgages placed into a CMBS bond have fixed terms with yield maintenance requirements so prepayments are mitigated.
Trez Capital looks forward to announcing further details in connection with the launch of TCM and developments on the securitization of its portfolio in the coming weeks.
About Trez Capital Group LP
Trez Capital Group LP is one of Canada's largest private commercial mortgage lenders and provides mid-market property developers and owners with quick approvals on flexible short to mid-term bridge financing. Trez has provided innovative financing for commercial properties in major centres throughout Canada and selected US markets since 1997. With offices in Vancouver, BC, Toronto, ON, and Dallas, TX, Trez manages a mortgage and investment portfolio of more than $1.6 billion. Trez offers a number of private and institutional mortgage funds, two publicly traded Mortgage Investment Corporations (TSX:TZZ and TSX:TZS) and private placement opportunities.
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