The Real Deal Miami

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
December 02, 2018 11:15AM

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