Trez Forman Capital, with offices in Atlanta and Palm Beach, Florida, has completed the largest individual transaction in the private lender’s history. It funded a $115 million loan for Camperdown, the mixed-use development by Greenville-based Centennial American Properties.
Camperdown is located at the corner of South Main and East Broad streets, across from the Peace Center and includes the 17-story Falls Tower, a mixed-use building with 174,280 square feet of office space, 20 condominiums and 33,638 square feet of retail space. Common area amenities include conference rooms, a communal kitchen and fitness center.
A 609-space parking garage with 27,213 square feet of retail, an additional 52,624 square feet of retail, a 194-room AC Marriott hotel and 217-multifamily are also part of Camperdown.
“We couldn’t be happier to close our loan with Trez Forman on our Camperdown project,” said C. Brody Glenn, president of Centennial American Properties. “Trez handled this transaction more as a partner than as a lender; they understood the issues and worked to create solutions.”
The milestone transaction closed on Nov. 8. Trez Forman, president and CEO Brett D. Forman arranged the financing, which covers the remaining construction of Camperdown Square. The project is currently 40% built.
The Greenville market has experienced significant growth, with an average annual population increase of 1.1% since 2010 – mirroring the broader trend throughout South Carolina, says Forman. Going forward, Greenville’s population and employment growth rates are projected to exceed the state’s.
“We love the growth trends and diversity of employment generators in the Greenville MSA,” said Forman. “The area has significant government, hospitality, manufacturing, professional services, trade, transportation and utilities sectors. We will continue to seek opportunities in the Greenville area and other markets in the Carolinas.”
Trez Forman provides commercial bridge loans for development and construction and senior stretch financing, starting at $10 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.