Trinity Street’s Ambitious Financing Expansion Hits New York
On September 23, 2025, Trinity Street Capital Partners announced a major expansion of its non-recourse construction and permanent finance program, increasing loan sizes from $25 million up to $250 million per project. The program spans multifamily, industrial, self-storage, retail, office, and hospitality—and targets the top 200 U.S. metro areas, with New York City squarely in view.
With traditional banks pulling back on construction lending in dense, high-value markets like NYC, this move aims to fill a critical financing gap for builders, developers, and investors. Non-recourse loans covering up to 85% of project costs could be a game changer for projects that are stalling for lack of funding or racing against aggressive timelines.
Why NYC Construction Leaders Should Pay Attention
If you operate a privately held construction firm in NYC, capital availability determines which projects move and which sit on the shelf. In today’s tighter lending environment, non-recourse financing that protects personal assets is a powerful lever. For firms in the 30–200 employee range running Sage 300 CRE, Trinity Street’s expansion signals a potential wave of fundable projects—exactly the type you’re bidding or want to bid.
The real opportunity is understanding how evolving financing shapes your deal pipeline, risk posture, and cash flow—and making sure your back office can keep pace.
Context: Why This Lending Expansion Matters Now
– Traditional banks are skittish: Underwriting is tighter, especially for commercial real estate in markets like NYC.
– Non-recourse reduces personal exposure: Borrowers aren’t liable beyond collateral, enabling growth without risking the balance sheet.
– Project sizes are growing: Multifamily, self-storage, and industrial remain active and capital intensive; high leverage helps projects get out of the ground faster.
– Financing shapes the bidding table: Access to creative capital determines who gets invited and who wins.
Breaking Down Trinity Street’s Program
– Loan range: $25 million to $250 million—suited for urban infill, multifamily towers, adaptive re-use, industrial, and hospitality.
– Leverage: Up to 85% of total project cost—above typical bank LTC caps (often 65–75%).
– Target properties: Multifamily, industrial, self-storage, retail, office, hospitality.
– Geography: Top 200 metros, with NYC poised to benefit given volume and complexity.
– Why now: Alternative lenders are stepping in as banks retreat, reshaping how large projects secure capital.
The Ripple Effect for NYC Construction Firms
1) More active bids, more complexity
With capital available, more projects pencil—meaning more invitations to bid and more concurrent jobs. Your estimating, project controls, and cost reporting—often driven through Sage 300 CRE—must scale without sacrificing accuracy.
2) Different cash flow dynamics
High-leverage, non-recourse loans mean tighter draw schedules, stricter documentation, and lender oversight. Timely, accurate cost-to-complete tracking, lien waivers, and progress billing are essential. Automation and integrations with Sage 300 CRE can accelerate draws and reduce rework.
3) Higher bar for compliance and transparency
Lenders bearing more risk will demand robust document control, current financials, and clear audit trails. Weak reporting can delay funding and stall jobs.
4) Real growth opportunities—with more exposure
Bigger projects bring bigger rewards and risks. Firms with streamlined processes and resilient IT will outperform those buried in paperwork and missed deadlines.
Frank’s Street-Level Take
NYC’s commercial construction market never stands still. Creative financing is back, and deals will move fast. If you want to compete and win, make sure your Sage 300 CRE environment is dialed in: current financials, automated subcontractor compliance, accurate billing, and tight cost controls. Operate at the speed of money, and you’ll capture outsized opportunities in 2025.
Ready to Optimize?
Want to see how NYC firms use Sage 300 CRE to win, manage, and get paid on projects fueled by non-recourse loans? Let’s talk. The next big job may require the confidence of a modern back office.
Learn more (PRNewswire): https://www.prnewswire.com/news-releases/trinity-street-capital-partners-announces-the-expansion-of-its-non-recourse-construction-and-permanent-finance-program-with-loan-amounts-up-to-250mm-up-to-85-of-cost-302563894.html
Original reporting sourced from PRNewswire. Additional context provided by Frank Mallory, Construction IT Expert serving NYC’s mid-sized construction firms.
