Private lender on pace to complete more than $500 million in 2018 transactions

Trez Forman Capital Group has closed on a $4.1 million loan for the buyer of the “First & First” mixed-use building in downtown Miami. The Boynton Beach-based private lender is on pace to complete more than $500 million in 2018 transactions.

The “First & First” loan is Trez Forman’s first in Miami-Dade County this year, although the company has been actively lending throughout South Florida. Located at 40 and 46 NE First Ave., the site includes eight-story and three-story structures with a combined 22,490 square feet. The structures were originally constructed in 1906 and 1915.

Trez Forman President and CEO Brett Forman arranged the transaction, which closed on Aug. 1, 2018.

The borrower, which has an existing relationship with Trez Forman through Dan Rosenberg of Cohen Financial, plans to focus on leasing the available space to various office tenants. An existing restaurant occupies one of the ground-floor retail spaces.

“We were particularly attracted to the prime location of this unique and recognizable mixed-use site,” Forman said. “We continue to look for strategic opportunities to fund acquisition and construction loans in the tri-county area.”

Trez Forman is a joint venture formed in 2016 by Boynton Beach-based Forman Capital and Vancouver-based Trez Capital Group - one of Canada’s largest private commercial mortgage lenders. The venture provides commercial bridge loans for development and construction and senior stretch financing starting at $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

About Trez Forman Capital Group: Founded in 2016, Trez Forman Capital is a 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 $5M to $75M. 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 Brett Forman’s mortgage lending firm, Forman Capital, and Trez Capital Group, one of Canada’s largest private commercial mortgage lenders. For more information, visit www.trezforman.com.