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New York

Trevian Capital opens with plans to finance up to $150M in bridge loans in coming year

Michael Hoffenberg
Michael Hoffenberg

From the May issue: A new Manhattan financial firm plans to originate between $100 and $150 million in loans in the coming year, founder Michael Hoffenberg told TRD. Newly launched Trevian Capital specializes in high-yield bridge loans — first mortgages or other senior secured loans with terms of six months to two years — in the $1 to $30 million range, he said.

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Trevian will help provide nontraditional financing for small to mid-size players who need money faster than a large bank can provide it, said Hoffenberg. [more]