Tryperion originated a senior bridge loan collateralized by 154 residential units and retained the B-note. The Borrower’s business plan was to lightly renovate the rental units and convert them into individual condominiums for sale.
Tryperion provided mezzanine financing for Superior House, a 34-unit, 79,000 SF luxury condo development in the River North neighborhood of downtown Chicago.
Investment Highlights
The property was built on-time on-budget and Tryperion was fully redeemed in 2020
