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SAN DIEGO-In a move designed to offer investors and sellers a broader menu of financing options, Trigild—a locally-based management, loan recovery and real estate specialist—has joined forces with Terra Academy Partners, specializing in real estate finance and investment. The two companies will now be known as Trigild Financial Services.
According to Jason Hull, Trigild’s managing director of commercial real estate, Trigild Financial Services is overseen by industry veterans with years of experience in property investment, commercial lending, mortgage brokerage experience and asset disposition—providing financing solutions to investors and sellers for commercial property transactions of all scopes and sizes. “Trigild offers considerable asset management, receivership, and disposition infrastructure, in addition to vast industry resources and lender relationships,” Hull says.
“This, combined with Terra Academy Partner’s extensive real estate financial expertise, makes Trigild Financial Services uniquely qualified to provide a comprehensive spectrum of services, ranging from acquisition financing and recapitalization of existing properties, to gap financing—including interim, bridge, preferred equity and mezzanine financing,” Hull adds.
“We’re eager to collaborate with Terra Academy Partners, and are confident Trigild Financial Services will offer valuable expertise to the industry as the need for financing options accelerates,” Hull explains. “Terra Academy Partners is a recognized industry leader, and working together enables us to better service our clients, while fueling the continuing expansion of Trigild’s commercial and industrial portfolio.”
As GlobeSt.com recently reported, Trigild was named receiver for more than one million square feet of office and industrial space nationwide, including assets in seven states. As the court-appointed receiver, Trigild is charged with operating, repositioning—and protecting the properties, all of which currently face foreclosure. The San Diego-based company continues to anticipate an increase in its receivership business in the coming year, said Bill Hoffman, Trigild president and CEO, at the time. “With a steady influx of properties facing foreclosure, our services are in demand more than ever,” Hoffman says. “In particular, we expect an increased volume of business in the hospitality, office and retail sectors.”
Natalie Dolce Natalie Dolce, editor of the West Coast region for GlobeSt.com and Real Estate Forum, is responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt.com. Dolces background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats Arthur Frommers Budget Travel magazine, FashionLedge.com, Co-Ed magazine, and has also freelanced for a number of publications including MSNBC.com and Museums New York magazine. Contact Natalie Dolce.