{"id":1004204724,"date":"2018-01-25T10:05:01","date_gmt":"2018-01-25T18:05:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204724"},"modified":"2022-12-08T17:54:27","modified_gmt":"2022-12-09T01:54:27","slug":"nc-mixed-use-project-lands-35m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nc-mixed-use-project-lands-35m-financing\/","title":{"rendered":"NC Mixed-Use Project Lands $35M Financing"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004204726\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004204726\" data-attachment-id=\"1004204726\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nc-mixed-use-project-lands-35m-financing\/river-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"River Place\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png?w=800\" loading=\"lazy\" class=\"wp-image-1004204726 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png\" alt=\"A rendering of the River Place in Wilmington, N.C. \" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/River-Place.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004204726\" class=\"wp-caption-text\">A rendering of the River Place in Wilmington, N.C.<\/p><\/div>\n<p>Trez Forman Capital Group has completed a $35 million construction loan for East West Partners, the developer of River Place in downtown Wilmington, N.C. As the central component of a $70 million-plus redevelopment of a municipal parking deck with a new 400-space parking garage, the 13-story project includes 92 luxury condominiums, 79 apartments and 32,000 square feet of retail space.<\/p>\n<p>Located at 200 N. Water St. and fronting the Cape Fear River, River Place is close to dining, shopping and cultural activities. Restaurants, caf\u00e9s and nightlife, boutique retail shops, a grocery store and the marina are all within a short walk. The apartments will have open floorplans, high-end finishes and balconies with water views. Amenities include a rooftop pool, a fitness center, a club room and concierge services.<\/p>\n<p>Trez Forman is a joint venture formed in 2016 by Forman Capital and Trez Capital Group, one of Canada\u2019s largest private commercial mortgage lenders. Trez Forman Senior Originator Ryan Howard originated the loan for River Place.\u00a0<\/p>\n<p>Several other developments have recently been completed or are currently underway in Wilmington. Embassy Suites <a href=\"https:\/\/www.commercialsearch.com\/news\/embassy-suites-by-hilton-opens-doors-in-nc-convention-district\/\">Wilmington Downtown Hotel<\/a>, a new 186-key riverfront property near the Wilmington Convention Center, officially began welcoming guests earlier in January.<\/p>\n<p><em>Image courtesy of Trez Forman Capital Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trez Forman Capital Group arranged the construction loan for River Place, a luxury riverfront property in downtown Wilmington. East West Partners is the developer of the 13-story building.<\/p>\n","protected":false},"author":238,"featured_media":1004204726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21752,21742,32781],"tags":[35392,38929],"class_list":["post-1004204724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-mixed-use","category-latest","category-southeast","tag-east-west-partners","tag-trez-forman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NC Mixed-Use Project Lands $35M Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nc-mixed-use-project-lands-35m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NC Mixed-Use Project Lands $35M Financing\" \/>\n<meta property=\"og:description\" content=\"Trez Forman Capital Group arranged the construction loan for River Place, a luxury riverfront property in downtown Wilmington. 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