The Trio
May 7, 2026
Hillcrest Finance, a Saluda Grade Company, Closed a $31.75 Million Loan Secured by The Trio
May 7, 2026 – Hillcrest Finance, a Saluda Grade Company, closed a $31.75 million, 3+1+1, floating-rate senior loan secured by The Trio. This is a newly developed mixed-use multifamily community located in Rochester Hills, Michigan, approximately 25 miles north of Detroit. The Property consists of 119 Class A multifamily units and approximately 18,900 square feet of retail and office space across a three-building development currently in final completion and lease-up.
Transaction highlights include:
- Loan Purpose: Refinancing of existing construction financing and funding of future reserves to support completion and lease-up stabilization
- Property Profile: Newly developed steel-frame mixed-use community featuring studio, one-, two-, and three-bedroom residences with integrated retail and office space
- Amenities: Fitness center, EV charging stations, covered parking, tenant storage, and on-site professional management
- Market Fundamentals: Located within Rochester Hills, an affluent Detroit suburban submarket supported by strong demographics, highly rated schools, and proximity to major employment centers including Auburn Hills and Troy
Hillcrest is controlled by Saluda. Saluda’s investment activities and transactions may not align with Hillcrest’s interests in all instances and should not be viewed as endorsed by Saluda. This structure may give rise to conflicts of interest, which are managed in accordance with Saluda’s policies and procedures. Additional information is available upon request. Disclosures should be read together with the firm’s Form ADV and other regulatory filings.
This announcement is not a recommendation, offer or solicitation and there is risk investing in the Trust. Past performance is not indicative of future results.