Trinity Street Capital Partners Expands Non-Recourse Construction Lending Program to $250 Million

Trinity Street Capital Partners has announced a major expansion of its non-recourse construction and permanent finance program, increasing maximum loan amounts to $250 million while offering up to 85% of cost financing for qualifying property types. The full-service real estate finance company's enhanced program now provides experienced owners and investors with non-recourse construction loans specifically tailored for multifamily, industrial, and self-storage properties at the higher 85% loan-to-cost ratio, while office, retail, and hospitality properties can access financing up to 65% of cost.

The expanded program will focus on the top 200 Metropolitan Statistical Areas across the United States, with interest rates beginning at 30-day LIBOR plus 2.50%. This strategic move comes as traditional banks continue to exhibit caution regarding general economic conditions and remain over-exposed to certain property types and loan categories. The company's spokesperson noted that their non-recourse construction lending program has gained significant traction in recent months, positioning Trinity Street Capital Partners to capture market share during a period of constrained lending from conventional financial institutions.

Current economic conditions, including pressure from President Trump on the Federal Reserve to lower rates, have created a unique lending environment. While the recent 25 basis point rate cut provided some relief, the benchmark 10-year treasury rate has not contracted as substantially as the real estate industry had anticipated. This gap between expectations and reality has created opportunities for alternative lenders like Trinity Street Capital Partners to fill the financing void.

The firm is successfully securing major deals nationwide by integrating its non-recourse construction lending programs with both bridge and permanent finance offerings. Trinity's permanent program now originates loans with rates starting at the 10-year US Treasury plus 150 basis points, with loan-to-value ratios reaching up to 75%. This comprehensive approach allows developers to secure construction financing while having a clear path to permanent financing upon project completion.

Trinity Street Capital Partners specializes in non-recourse, high-leverage senior and subordinate debt and preferred equity investments starting at $10 million. The firm focuses on income-producing properties including anchored retail, office spaces, industrial facilities, multifamily housing, manufactured housing communities, and self-storage properties located throughout the United States. More information about the company's services is available at https://www.trinitystreetcp.com.

The expansion of Trinity Street Capital Partners' lending capacity comes at a critical time for the commercial real estate industry. With traditional banks maintaining cautious lending practices, the availability of substantial non-recourse construction financing from experienced alternative lenders provides essential capital for development projects that might otherwise stall. This increased access to funding could stimulate construction activity across multiple property sectors, particularly in the multifamily, industrial, and self-storage segments that qualify for the highest loan-to-cost ratios.

For developers and investors, the program's structure offers significant advantages beyond simply increased loan amounts. The non-recourse nature of the loans provides protection for borrowers' personal assets, while the integration of construction and permanent financing creates certainty throughout the project lifecycle. This comprehensive approach addresses one of the most significant challenges facing real estate developers: securing reliable financing from groundbreaking through stabilization and beyond.