Vancouver, April 13, 2018: Trez Capital (“Trez”) has secured a new US$100M credit facility from Fortress Credit Co. LLC (“Fortress”) for its U.S.-based lending activities and will use the additional resources to expand its business in select growth markets in the U.S. Last year, the firm originated more than US$800M of loans in the U.S. and plans to originate more than US$1.2B of new loans in the U.S. in the current fiscal year. In both Canada and the U.S., Trez plans to originate more than C$2B of new loans.
Trez has been active in U.S. markets since 2010 and has witnessed an average of 92% growth on an annual basis in that timeframe. The U.S. market demand witnessed by Trez over the past 18 months is some of the strongest the firm has experienced in its tenure in the U.S. Through this facility from Fortress, Trez has strengthened its ability to broaden the base of U.S.-based loan originations and secure enhancements in both the diversity and growth potential of its U.S.-focused investment portfolios.
The growth of Trez’ U.S. operations is a key component to advancing its long term plan to create more diversified investment opportunities across North America. In doing so Trez is providing a wider variety of attractive investment opportunities for investors seeking a secure source of income from a diversified pool of fully secured commercial mortgages.
About Trez Capital
Trez Capital 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, Dallas, TX, and Palm Beach, FL, Trez manages a mortgage and investment portfolio of more than $2.4B.
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