July 06, 2020
Palm Beach, FL/VANCOUVER, BC – July 6, 2020 – Trez Capital today announced the launch of the Trez Capital High Yield #1 (2020) Fund (High Yield Fund) following a successful first close. The fund remains open for investment until December 31, to a maximum of $100 million.
The new fund enables investors to share in a portfolio of loans that will target net returns in excess of 10% per annum in a portfolio of senior ranking mortgages. It will focus on real estate projects in U.S. markets with higher than average population and GDP growth. The first investments will be for single-family lot development financings in Texas, a state experiencing job growth and strong demand for affordable housing.
“The housing market in the Southwest U.S. is particularly strong and with interest rates at record lows, buyers in this region are motivated to purchase homes,” said Daniel Marchand, Senior Vice President and Head of Investor Global Sales. “While traditional real estate lenders have substantially halted lending given the pandemic, Trez Capital, through its High Yield Fund, has capitalized on the current market disruption to lend to high quality proven borrowers in established housing projects.”
In addition, Trez Capital will re-open Trez Capital Prime Trust and Trez Capital Yield Trust to limited redemptions. The funds were temporarily paused due to the pandemic. Despite the substantial disruption in the commercial real estate industry caused by COVID-19, the firm has maintained distributions across all funds with no delays or reductions.
“Trez Capital’s stability over the past few months is a result of our prudent risk management and deep industry knowledge and expertise,” says Morley Greene, Chairman and Chief Executive Officer. “We have always placed the interests of our investors first and foremost. During the unprecedented economic impact caused by the novel coronavirus our best-in-class origination and underwriting capabilities and our partnerships with leading developers were put to the ultimate test and resulted in stability in a time of uncertainty.”
About Trez Capital
Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured, high-yield mortgage investment funds, and provides property developers and owners with quick approvals on flexible short- to mid-term financing.
With offices in Vancouver, Toronto, Dallas and Palm Beach, Trez Capital has over $3.8 billion in assets under management and has funded over 1,500 transactions totaling more than $11 billion since inception. For more information, visit www.trezcapital.com.