VANCOUVER, April 19, 2016 /PRNewswire/ - Trez Capital Group LP ("Trez") is pleased to announce a further expansion of its lending platform into the United States via a new partnership with Forman Capital LP ("Forman"), and the launch of Trez Forman Capital Group LP. Forman's proficiency in the commercial real estate bridge, mezzanine, and equity financing markets in the United States is a great complement to Trez's strong Canadian real estate lending platform. Trez currently has offices in Vancouver, Toronto, and Dallas.
"A partnership with Forman is a great fit for Trez, as we build on the positive momentum of our business and seize growth opportunities in the United States," said Morley Greene, Chairman and Managing Director of Trez. "We are focused on becoming one of the largest providers of short-term commercial financing in North America. The resources and expertise that Forman provides will enable us to aggressively continue the pursuit of this vision."
A direct lender to middle market clients, Forman has funded more than $400 million in transactions since 2004. With loan amounts traditionally ranging from $2-$25 million, the firm has had great success with private bridge lending for commercial real estate investors. While traditional lenders are typically focused on providing long term financing on stabilized assets, Forman is able to meet the needs of real estate investors who require flexible short term financing solutions.
"The addition of Trez's considerable resources and recognized industry leadership provides us with the opportunity to become the preeminent bridge lender for commercial real estate in America," said Brett D. Forman, founder and CEO of Forman Capital. "The combination of our assets uniquely positions us for significant growth in a marketplace we know extremely well."
About Trez Capital Group LP
Trez is one of Canada's largest private non-bank short-term bridge lenders, providing innovative financing for commercial properties in major centres throughout Canada and selected U.S. markets. Over the past 18 years Trez has financed in excess of $5 billion over more than 1000 transactions. Trez's strength lies in its long standing borrower relationships, well established processes, infrastructure and expertise to provide reliable, fast, and consistent execution to borrowers. Trez's sources of financing consists of institutional investment limited partnerships, private mortgage pools, and private equity capital. Trez has a strong track record of providing investors with attractive risk adjusted yields.
About Forman Capital LP
Since 2004 Forman Capital has provided creative and reliable capital solutions to middle market clients across a diverse range of real estate asset classes and transaction types. It has earned a reputation for integrity, creativity, and an entrepreneurial approach to commercial lending.
SOURCE Trez Capital