Boynton Beach-based real estate lender closes its first New York deal

Trez Forman Capital Group loaned almost $7M to fund construction of a 20-unit apartment building in the Astoria neighborhood of Queens in New York City

Miami /
Dec.December 02, 2018 11:15 AM

Brett Forman

Boynton Beach-based commercial real estate lender Trez Forman Capital Group completed its first transaction in New York.

Brett Forman, president and CEO of Trez Forman, arranged the apartment construction loan, which closed on Nov. 20.

“Our team is aggressively monitoring the market for additional opportunities in New York and throughout the tri-state area,” Forman said in a prepared statement.

Trez Forman closed a loan of nearly $7 million to fund construction of a 20-unit apartment building in the Astoria neighborhood of Queens in New York City.

The apartment building at 30-38 29th Street in Queens will feature a virtual doorman, package locker, roof deck, bike storage, laundry facilities and 10 underground parking places.

Trez Forman, a joint venture between Forman Capital and Vancouver-based Trez Capital Group, expects to close more than $500 million in deals this year.

In addition to lending for real estate development and construction, Trez Forman also offers equity investment opportunities to private and institutional investors. – Mike Seemuth


Related Articles

arrow_forward_ios
Clockwise from left: A rendering of Water Street Tampa, Ian Schrager, Jeff Vinik, Patrick Mahomes, rendering of Tampa Edition, Bill Gates and Tom Brady (Photos via Getty; Water Street Tampa/Photo Illustration by Kevin Rebong for The Real Deal)
Development boom in Super Bowl city: Tampa reaches for its real estate moment
Development boom in Super Bowl city: Tampa reaches for its real estate moment
Blink’s Michael Farkas and Lionstone’s Diego Lowenstein with 605 Lincoln Road (Google Maps)
Blink buys office condo on Miami Beach’s Lincoln Road for new HQ
Blink buys office condo on Miami Beach’s Lincoln Road for new HQ
Ocean Bank CEO A. Alfonso Macedo and 4238 to 4242 Northwest Seventh Street (Google Maps)
Ocean Bank sells Miami dev site for $14M, buyer plans mixed-use project
Ocean Bank sells Miami dev site for $14M, buyer plans mixed-use project
Dan Deitchman and Koby Assaraf with a rendering of Industry | Oakland Park
Oakland Park developer partners with former Link Real Estate exec on new firm
Oakland Park developer partners with former Link Real Estate exec on new firm
Renderings of the project (Group P6)
Group P6 lands $69M construction loan for Boca Raton project
Group P6 lands $69M construction loan for Boca Raton project
Photo courtesy of David Iglesias
Boca Beach House condo project scores $43M construction loan
Boca Beach House condo project scores $43M construction loan
Nick Rojo and Jeff Burns (Affiliated, iStock)
Affiliated Development launches $125M workforce housing fund
Affiliated Development launches $125M workforce housing fund
Tom Cabrerizo and 6790-6880 Southwest 80th Street (Google Maps)
Developers score $15M construction loan for Miami townhouse development
Developers score $15M construction loan for Miami townhouse development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...