Trinity Street Capital Partners has expanded its non-recourse construction and permanent finance program, increasing loan amounts to $250 million and offering up to 85% of cost financing for certain property types. The full-service real estate finance company's enhanced program now provides non-recourse construction loans for experienced owners and investors, with multifamily, industrial, and self-storage properties qualifying for up to 85% of cost financing, while office, retail, and hospitality properties can access up to 65% of cost.
The expanded program will focus on the top 200 metropolitan statistical areas in the United States, with interest rates starting at 30-day LIBOR plus 2.50%. According to a company spokesperson, the non-recourse construction lending program has gained significant traction in recent months as traditional banks continue to express concerns about general economic conditions or find themselves overexposed to certain property types and loan categories.
The timing of this expansion comes as the real estate industry faces ongoing challenges with financing availability. Despite recent pressure from President Trump on the Federal Reserve to lower rates, and the welcome 25 basis point cut, the benchmark 10-year Treasury rate has not contracted as much as the real estate sector had hoped. This environment has created opportunities for alternative lenders like Trinity Street Capital Partners to fill the financing gap.
Trinity is now securing major deals nationwide by integrating its non-recourse construction lending programs with both its 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 provider.
The company focuses on non-recourse, high-leverage senior and subordinate debt and preferred equity investments starting at $10 million across various property types including income-producing anchored retail, office, industrial, multifamily, manufactured housing communities, and self-storage properties located throughout the United States. For more information about the company's services, visit https://www.trinitystreetcp.com.
This expansion signals important developments in commercial real estate financing at a time when traditional lending sources remain constrained. The increased availability of non-recourse construction financing could stimulate development activity in key property sectors, particularly multifamily, industrial, and self-storage properties that qualify for the highest loan-to-cost ratios. As economic uncertainty persists, alternative lenders like Trinity Street Capital Partners are positioned to play an increasingly vital role in supporting real estate development and investment activity across major US markets.
