Trinity Street Capital Partners has expanded its non-recourse construction and permanent finance program, increasing loan amounts up to $250 million and offering financing up to 85% of cost for certain property types. The full-service real estate finance company's enhanced program now provides experienced owners and investors with non-recourse construction loans up to 85% of cost for multifamily, industrial, and self-storage properties, while office, retail, and hospitality properties can access up to 65% of cost financing.
The expansion comes at a critical time when traditional banks continue to express concerns over general economic conditions or find themselves overexposed to certain property types and loan categories. According to a company spokesperson, Trinity Street's non-recourse construction lending program has gained considerable traction in recent months as borrowers seek alternatives to constrained bank lending. The program will focus on the top 200 metropolitan statistical areas across the United States with interest rates starting at 30-day LIBOR plus 2.50%.
The timing of this expansion reflects broader market dynamics, including pressure from President Trump on the Federal Reserve to lower rates. While the recent 25 basis point cut provided some relief, the benchmark 10-year Treasury rate has not contracted as significantly as the real estate industry had hoped. This environment has created opportunities for alternative lenders like Trinity Street to fill the financing gap.
Trinity Street is now securing major deals nationwide by integrating its non-recourse construction lending programs with both bridge and permanent finance offerings. The firm's permanent program now originates loans with rates starting at the 10-year US Treasury plus 150 basis points, with loan-to-value ratios up to 75%. This comprehensive approach allows developers and investors to secure financing throughout the entire project lifecycle from a single source.
The company focuses on non-recourse, high-leverage senior and subordinate debt and preferred equity investments starting at $10 million for income-producing properties including anchored retail, office, industrial, multifamily, manufactured housing communities, and self-storage properties located throughout the United States. As a leader in providing senior and subordinate mortgages and equity for a wide range of real estate transactions, Trinity Street's expanded program addresses the growing need for reliable construction financing in today's uncertain economic climate. More information about the company's services is available at https://www.trinitystreetcp.com.
This expansion represents a significant development for commercial real estate developers and investors who have faced tightening credit conditions from traditional lenders. The increased loan amounts and higher loan-to-cost ratios provide much-needed capital for projects that might otherwise struggle to secure financing, potentially stimulating construction activity and economic growth in markets across the country. The program's focus on major metropolitan areas ensures that financing reaches markets with strong fundamentals and growth potential.
