Trinity Street Capital Partners Announces the Origination of a High Leverage, Cash Out, Multifamily Loan, Located in Mountain View, CA

    NEW YORK, NY, August 04, 2017 /24-7PressRelease/ -- Trinity Street Capital Partners (TSCP) (www.trinitystreetcp.com), a full service real estate investment bank, announces the origination of a $16MM non-recourse, multifamily loan, on a garden style multifamily complex located in walking distance from Google's headquarters in Mountain View, CA. The non recourse multifamily loan had a 10 year fixed term, 30 year amortization period, several years of interest only, an 80% LTV constraint and no personal guarantees. The $16MM loan was a 100% cash out, to be utilized for the development and expansion of the sponsor's already sizable real estate portfolio.

Mountain View is a city located in Santa Clara County, California, named for its views of the Santa Cruz Mountains. Situated in the southern end of the San Francisco Peninsula in the San Francisco Bay Area, Mountain View is home to many high profile technology companies. In 1956, Shockley Semiconductor Laboratory, the first company to develop silicon semiconductor devices in what came to be known as Silicon Valley, was established in the city by William Shockley. Today, many of the largest technology companies in the world are headquartered in the city, including Google, Mozilla Foundation, Symantec, and Intuit. The original Byte Shop computer store was opened at 1063 El Camino Real, Mountain View, by Paul Terrell and the first 50 Apple I computers were sold from that location.

According to executive at Trinity Street, "Access to cash-out loans from commercial banks has become increasingly more difficult to obtain, as we approach the top of the next real estate cycle. Trinity Street specializes in unlocking trapped equity and monetizing real estate assets, in what is quickly becoming a more conservative lending environment."

Trinity Street Capital Partners focuses on non-recourse, high leverage senior & subordinate debt and preferred equity, with investments starting at $5MM on income producing retail, office, industrial, multifamily, manufactured housing communities, self-storage and hospitality properties located throughout the United States. (www.trinitystreetcp.com)

The Firm is a leader in providing debt and equity for wide range of commercial and multifamily real estate transactions.

Trinity Street Capital Partners, is wholly owned subsidiary of Trinity Street Holdings, a financial services conglomerate. (www.trinitystreetholdings.com)

For more information about Trinity Street Capital Partners and the services it provides, go to www.trinitystreetcp.com.

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