Trez Forman Capital, with offices in Atlanta, Ga. and Palm Beach, Fla., has completed the largest individual transaction in the private lender’s history. It funded a $115 million loan for the Camperdown Square, a large mixed-use development in Greenville, S.C. by Centennial American Properties.
We couldn’t be happier to close our loan with Trez Forman on our Camperdown project,” said C. Brody Glenn, president of Centennial American Properties, based in Greenville. “Trez handled this transaction more as a partner than as a lender; they understood the issues and worked to create solutions.”
The milestone transaction closed on Nov. 8. CAP Camperdown, LLC is the borrower.
Trez Forman President and CEO Brett D. Forman arranged the financing, which covers the remaining construction of Camperdown Square. The project is currently 40% built.
Located adjacent to the Greenville News building on 3.26 acres at the intersection of South Main and Broad streets, Camperdown Square’s total plans include:
• Falls Tower, a 17-story mixed-use building with 174,280 square feet of office space, 20 condominiums and 33,638 square feet of retail space. Common area amenities include conference rooms, a communal kitchen and fitness center
• A 609-space parking garage with 27,213 square feet of retail
• An additional 52,624 square feet of retail in different components of the development
• A 194-key AC Marriott hotel
• 217-unit multifamily building
The Greenville market has experienced significant growth, with an average annual population increase of 1.1% since 2010 – mirroring the broader trend throughout South Carolina. Going forward, Greenville’s population and employment growth rates are projected to exceed the state’s.
“We love the growth trends and diversity of employment generators in the Greenville MSA,” said Forman. “The area has significant government, hospitality, manufacturing, professional services, trade, transportation and utilities sectors. We will continue to seek opportunities in the Greenville area and other markets in the Carolinas.”
Trez Forman provides commercial bridge loans for development and construction and senior stretch financing, starting at $10 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.
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About Trez Forman Capital: Founded in 2016, Trez Forman Capital is a Palm Beach, Florida-based commercial bridge lender for development and construction, senior stretch first mortgages and special situations nationwide. It provides developers and property owners with quick approvals on flexible short to mid-term financing from $10M to $75M-plus. Trez Forman has funded nearly $1 billion in loans since inception. The company also offers private and institutional investors equity investment opportunities in a variety of funds and assets. Trez Forman is a joint venture between Palm Beach-based Forman Capital and Trez Capital Group, one of Canada’s largest private commercial mortgage lenders with approximately $3 billion in committed capital. Trez Capital has originated approximately $10 billion in loans since its inception. For more information, visit www.trezforman.com.
Media Contact for Trez Forman: Todd Templin or Eric Kalis
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