Boynton Beach Lender Funds $75M Construction Loan For Major Downtown Orlando Mixed-Use Development

Trez Forman Capital Group has completed a $74.8 million construction loan to Dallas-based developer Lincoln Property Co. for the 26-story Church Street Plaza project planned for downtown Orlando. The transaction brings the lender’s 2017 closed transaction volume to more than $220 million. Church Street Plaza’s plans call for 200,000 square feet of new Class A office space, a ground-floor restaurant and bar/lounge area to be located on the Sky Terrace – a parking garage with a Grand Central Station-inspired lobby that will connect to the Church Street Station SunRail stop. The project site is located on the northeast corner of South Garland Avenue and West South Street. Trez Forman is a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group, one of Canada’s largest private commercial mortgage lenders. This is the first transaction between the venture and Lincoln.  

“We are thrilled to expand our footprint to Orlando, which leading developers like Lincoln have identified as a strong market that is ripe for mixed-use, urban development,” said Brett Forman, President and CEO of Trez Forman. “Our team has enjoyed working with Lincoln and is looking forward to expanding the relationship in 2018 and beyond.”

Forman also connected Lincoln executives with their counterparts at Kolter Hospitality, an introduction that resulted in an agreement for Kolter to acquire the 180-room hotel component of Church Street Plaza. Trez Forman provides commercial bridge loans for development and construction and senior stretch financing starting at $5 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets. In another significant transaction for the year, the company gave Encore Capital Management a $23.15 million construction loan for the redevelopment of the former Fashion Mall in Plantation into the mixed-use Plantation Walk. Trez Forman is projected to generate more than $300 million in transaction volume in 2018.  

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