Trellis originated a senior loan supporting the acquisition and predevelopment of a large former corporate campus in the New York metro, targeted for mixed-use redevelopment. The transaction was structured with a short-term net lease covering carry through the predevelopment period and a favorable basis to appraised value.

The transaction required extensive coordination across zoning, environmental, and development workstreams, with Trellis structuring the position to account for each. Multiple potential paths to repayment support the investment.