Commercial real estate capital markets
Capital, placed
with precision.
Wedgewood structures debt and equity for real estate
owners, investors, and developers nationwide.
$5B+Closed transactions
75+Years combined experience
AllAsset types
10,000+Active investor relationships
The firm
Wedgewood Investment Group, LLC is a private commercial real estate capital markets firm focused on structuring debt and equity transactions for institutional and middle market real estate owners, investors and developers nationwide. This includes bridge, construction, permanent, acquisition and refinancing transactions, as well as joint venture and preferred equity solutions.
With over 80 years of combined experience in the real estate and finance industry, the Wedgewood team has completed more than $5 Billion in transactions across all asset types, including Senior Living, Multifamily, Office, Mixed-use, Hospitality, Retail, Industrial, Self-Storage and Student Housing.
Our story since 2009
Wedgewood
Investment Group Program Book 30 of 1000+
Investment Group Program Book 30 of 1000+
The program book
Thirty real programs from our database.
A selection of the active programs we place: construction, permanent, bridge, acquisition, land, refinance, mezzanine and equity, each with current sizing, leverage, recourse and footprint. Lender names are shared in conversation, not published.
Check out the program bookOur process
Placing capital is a process,
not an introduction.
Five steps built to protect your project and shorten the path to closing.
- 01
Understand the project
We start with the asset, the business plan, and what matters most to you — speed of close, rate, leverage, structure, or a partner for the long term.
- 02
Build the package
Underwriting, sizing and offering materials are prepared with you before anything goes out, so the first look an investor receives is the right one.
- 03
Go to a curated list
Your transaction goes to a targeted set of financing sources chosen for it. It is never blasted to a mass list, and it stays confidential while we work.
- 04
Negotiate the term sheet
We compare structures side by side and negotiate the terms that carry real cost, not just the headline rate.
- 05
Close
Third-party reports, legal, draw schedules and closing conditions. We stay in the process through funding, at the point where time is most expensive.
Our Clients
Our clients rely on us to act in their best interests. It’s a responsibility we take seriously, which is why we’re committed to clear principles, a strong sense of character and the highest possible standards.
Recent transactionsOur Core Values
Our core values shape our culture and define who we are. Teamwork, ethics and excellence underscore our commitment to our clients, to our communities and to each other, and they provide direction for everything we do.
Our Team
We’re committed to being the most strategic, creative, and connected capital advisor to our clients. Through best-in-class service offerings, we position our clients to succeed across ever changing economic cycles.
Meet the teamCapital advisory
Financing Solutions
At Wedgewood Investment Group, our mission is to provide the best financial solutions to fit your needs and opportunities.
What we do
We finance senior living construction.
Property types
Senior living · Multifamily · Student housing · Medical office · Mixed-use property · Hospitality · Retail · Industrial · Self-storage · Office · Manufactured housing · Data centers · Land and development · Sports and entertainment
Capital placed
Land · Construction · Bridge · Permanent · Acquisition · Refinance · Mezzanine · Preferred equity · Joint venture equity · Recapitalization · Agency · FHA / HUD · SBA · USDA · CMBS · C-PACE · Taxable and tax-exempt bonds
Capital sources
Banks · Credit unions · Life companies · Agencies · Debt funds · Family offices · Private capital
The program book
A select few of the real, active programs in our database, organized by loan type and by use and structure. Open the book, then turn through the index.
Wedgewood
Investment Group
Program Book
30 of 1000+
Active debt and equity programs
Contents
Index
Construction
Programs
01–05
Construction
Ground-Up
High level
- Loan amount$45M – $150M
- Max LTV80%
- RecourseNon-recourse
- Term36 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 01 / 30
Construction
Construction Completion
High level
- Loan amount$15M – $100M
- Max LTV80%
- RecourseNon-recourse, completion guarantee
- Term12 – 60 months
- FootprintNationwide, all 50 states
- Property typesMultifamily, industrial, hospitality, retail, self-storage
Program 02 / 30
Construction
Conversion
High level
- Loan amount$30M – $500M
- Max LTV75%
- RecourseNon-recourse
- Term24 – 36 months
- FootprintNationwide, all 50 states
- Property typesSenior living, multifamily, healthcare, medical office, hospitality
Program 03 / 30
Construction
Long-Term
High level
- Loan amount$30M – $500M
- Max LTV80%
- RecourseNon-recourse, completion guarantee
- Term72+ months
- FootprintPrimary and secondary U.S. MSAs
- Property typesMultifamily, industrial, hospitality, office, retail
Program 04 / 30
Construction
Value-Add
High level
- Loan amount$10M – $50M
- Max LTV80%
- RecourseFull recourse
- Term12 – 60 months
- FootprintNationwide, all 50 states
- Property typesSenior living, multifamily, medical office, hospitality, retail
Program 05 / 30
Permanent
Programs
06–10
Permanent
Institutional
High level
- Loan amount$400M – $1B
- Max LTV75%
- RecourseNon-recourse
- Term4 – 6+ years
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 06 / 30
Permanent
Securitized
High level
- Loan amount$10M – $250M
- Max LTV75%
- RecourseNon-recourse
- Term60 – 72+ months
- FootprintNationwide, all 50 states
- Property typesMultifamily, industrial, hospitality, office, retail
Program 07 / 30
Permanent
Short-Duration
High level
- Loan amount$10M – $25M
- Max LTV65%
- RecourseFlexible, non-recourse available
- Term24 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 08 / 30
Permanent
Small-Balance
High level
- Loan amount$1M – $15M
- Max LTV75%
- RecourseFull recourse
- Term60 – 72+ months
- FootprintNationwide, all 50 states
- Property typesMultifamily, medical office, industrial, hospitality, retail
Program 09 / 30
Permanent
High-Leverage
High level
- Loan amount$5M – $150M
- Max LTV85%
- RecourseNon-recourse
- Term36 – 72+ months
- FootprintNationwide, all 50 states
- Property typesMultifamily, industrial, hospitality, office, retail
Program 10 / 30
Bridge
Programs
11–15
Bridge
Broad-Mandate
High level
- Loan amount$3M – $30M
- Max LTV70%
- RecourseFlexible, full recourse
- Term12 – 48 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 11 / 30
Bridge
Guarantee-Backed
High level
- Loan amount$10M – $100M
- Max LTV65%
- RecourseNon-recourse, completion and carry guarantee
- Term12 – 36 months
- FootprintNationwide, all 50 states
- Property typesMultifamily, manufactured housing, medical office, industrial, retail
Program 12 / 30
Bridge
Acquisition & Value-Add
High level
- Loan amount$10M – $275M
- Max LTV75%
- RecourseNon-recourse
- Term12 – 36 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 13 / 30
Bridge
High-Leverage
High level
- Loan amount$25M – $500M
- Max LTV85%
- RecourseNon-recourse
- Term12 – 60 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 14 / 30
Bridge
Large-Balance
High level
- Loan amount$40M – $500M
- Max LTV75%
- RecourseNon-recourse
- Term36 – 60 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 15 / 30
Acquisition
Programs
16–18
Acquisition
Distressed Acquisition
High level
- Loan amount$750K – $50M
- Max LTV75%
- RecourseStructured per transaction
- Term12 – 36 months
- FootprintNationwide, all 50 states, plus international
- Property typesAll major property types
Program 16 / 30
Acquisition
High-Leverage Acquisition
High level
- Loan amount$1M – $75M
- Max LTV85%
- RecourseNon-recourse
- Term12 – 36 months
- FootprintNationwide, all 50 states
- Property typesSenior living, multifamily, healthcare, industrial, retail
Program 17 / 30
Acquisition
Transitional Acquisition
High level
- Loan amount$5M – $50M
- Max LTV75%
- RecourseFlexible, non-recourse available
- Term12 – 36 months
- FootprintNationwide, all 50 states
- Property typesMultifamily, medical office, industrial, hospitality, retail
Program 18 / 30
Land
Programs
19–21
Land
Select States Land
High level
- Loan amount$500K – $50M
- Max LTV75%
- RecourseFlexible, full recourse
- Term12 – 24 months
- FootprintConnecticut, New York, New Jersey, Florida
- Property typesAll major property types
Program 19 / 30
Land
Large Balance Land
High level
- Loan amount$15M – $300M
- Max LTVSized per transaction
- RecourseNon-recourse
- Term36 – 60 months
- FootprintNationwide, all 50 states, Southeast focus
- Property typesAll major property types
Program 20 / 30
Land
Entitled Land
High level
- Loan amount$2M – $50M
- Max LTV65%
- RecourseFlexible, full recourse
- Term12 – 24 months
- FootprintPrimary and secondary U.S. markets
- Property typesLand, senior living, multifamily, industrial, retail
Program 21 / 30
Refinance
Programs
22–24
Refinance
Institutional Refinance
High level
- Loan amount$10M – $100M
- Max LTVSized per transaction
- RecourseNon-recourse
- UseAcquisition, refinance, value-add
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 22 / 30
Refinance
Fast-Close Refinance
High level
- Loan amount$10M – $50M
- Max LTVSized per transaction
- RecourseNon-recourse
- Term12 – 60 months
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 23 / 30
Refinance
Small-Balance Refinance
High level
- Loan amount$1M – $20M
- Max LTV70%
- RecourseFull recourse
- Term12 – 36 months
- FootprintNationwide, all 50 states
- Property typesSenior living, multifamily, medical office, industrial, retail
Program 24 / 30
Mezzanine
Programs
25–27
Mezzanine
Development Mezzanine
High level
- Investment$20M – $200M
- Combined LTC80%
- RecourseNon-recourse
- UseDevelopment, ground-up
- FootprintNationwide, all 50 states
- Property typesSenior living, multifamily, industrial, hospitality, office
Program 25 / 30
Mezzanine
Middle-Market Mezzanine
High level
- Investment$20M – $75M
- Combined LTCSized per transaction
- RecourseFlexible, non-recourse available
- Term36 – 60 months
- FootprintNationwide, all 50 states
- Property typesMultifamily, medical office, industrial, retail, student housing
Program 26 / 30
Mezzanine
Value-Add Mezzanine
High level
- Investment$7.5M – $20M
- Combined LTC65%
- RecourseStructured per transaction
- Hold2 – 5 years
- FootprintConfirmed per transaction
- Property typesMultifamily, industrial, medical office, retail, build-to-rent
Program 27 / 30
Equity
Programs
28–30
Equity
JV Equity
High level
- Investment$5M – $15M
- PositionJV / preferred
- Max LTCApprox. 85%
- TermUp to 10 years
- FootprintNationwide, all 50 states
- Property typesAll major property types
Program 28 / 30
Equity
Preferred Equity
High level
- Investment$1M – $15M
- PositionJV / preferred
- Max LTC80%+ considered
- Target returnFrom approx. 14%
- FootprintNortheast corridor
- Property typesMultifamily, industrial, hospitality, mixed-use, office
Program 29 / 30
Equity
LP & Preferred
High level
- Investment$2M – $30M
- PositionLP / preferred
- Max LTV75%
- TermConfirmed per transaction
- FootprintConfirmed per transaction
- Property typesMultifamily, mixed-use, office, retail, land
Program 30 / 30
Terms shown are indicative and subject to underwriting, market conditions and lender approval.
211 Waukegan Rd., Suite 100 / Northfield, IL 60093
Transactions
Recent transactions
Assisted Living & Memory Care Facility
$15,800,000Project Cost$4,750,000Preferred EquitySouth Carolina
Retail Center
- Ground Up Development
$15,000,000Project Cost$3,750,000Preferred Equity$11,250,000Construction LoanIllinois
Assisted Living Facility
- Two Memory Care Facilities
$30,000,000AcquisitionOhio
Assisted Living Facility
$9,700,000Project Cost$2,000,000Preferred EquityMinnesota
Hotel & Mixed-Use Development
- 150,000 Square Feet
- 9 Story Structure
Illinois
Assisted Living & Memory Care Facilities
- 6 New Construction Projects
$70,000,000Project Cost$20,000,000Preferred EquityColorado, Wisconsin, Minnesota
Sector focus
Senior living
At Wedgewood, we maintain relationships with developers, operators, lenders and investors who are active throughout the life cycle of senior housing communities.
Since 2010
Since our inception in 2009, Wedgewood continues to capitalize on the evolving opportunities created in today’s dynamic real estate market. Deep ties within the Senior Living Investment industry allow Wedgewood to provide our clients with direct access to some of the nation’s leading operating management companies and development teams including architects, general contractors, appraisers and third party market study providers.
Wedgewood advises on the funding of both debt and equity transactions in the seniors housing industry, including Assisted Living, Independent Living, Memory Care and Skilled Nursing. We maintain an active pipeline of investment projects and transactions in the Senior Living Industry across the United States.
Senior living: the facts
Superior performance
Senior housing has outperformed other property types on the NCREIF Index in appreciation, income and total return.
High-growth industry
Higher rental rate growth year over year than any other commercial property designation.
Recession resilient
A needs-based business that has sustained occupancy through periods of economic stress.
Intense demand
Over two and a half million Americans reside in senior care facilities, a number expected to double by 2040.
The market today
Demand has outrun supply. National senior housing occupancy reached 89.9 percent in the second quarter of 2026, the 20th consecutive quarterly gain, while units under construction fell to their lowest level since 2012 and year-over-year inventory growth set a record low of 0.4 percent. The oldest baby boomers turn 80 this year. NIC expects occupancy to pass 90 percent before year end, and Emerging Trends in Real Estate 2026 ranks senior housing second of 27 property subsectors for both investment and development prospects.
89.9%National occupancy, Q2 2026
20Consecutive quarters of occupancy gains
0.4%Year-over-year inventory growth, a record low
80The oldest baby boomers turn 80 in 2026
11,000Americans turn 65 every day
Sources: NIC MAP / NIC, second quarter 2026; PwC and ULI, Emerging Trends in Real Estate 2026.
About us
Our team
-
Rudy Trebels
Rudy Trebels has spent more than 4 decades in the U.S. real estate and financial industries. He has completed more than $1 billion in transactions serving more than 100 lenders and investors. He graduated from Drake University in Des Moines, Iowa in business. He is a major benefactor to the campus and has served on the Drake University Board of Trustees since 2007. Rudy is also a major contributor to Boys Hope Girls Hope of Illinois where Rudy has actively served on the Board of Governors for 20 years.
Reach Rudy -
Brian Trebels
PartnerBrian Trebels
During his 15+ year career in the finance industry, Brian has completed more than $250M in finance transactions. As a finance executive, Brian has specialized knowledge in structuring, compliance, documentation and funding. Brian studied business at Drake University. He is an active member of ELFA, NAELB and Vistage.
Reach Brian -
Kevin Broz
Managing DirectorKevin Broz
Kevin Broz has more than 3 decades of experience in commercial real estate finance, acquisitions/dispositions, development, asset management, and operations. He has closed in excess of $2 billion in transactions. In addition to his background in commercial and healthcare real estate, Kevin also co-founded, operated and sold two start-up healthcare ventures. Kevin graduated from the University of Missouri and is active in non-profit organizations in Chicago, as committee member as well as member of the board of directors of a mental health non-profit organization.
Reach Kevin -
Max McCall
Capital Markets AnalystMax McCall
Max McCall is a Capital Markets Analyst at Wedgewood Investment Group, where he focuses on business development initiatives across the firm’s institutional and middle-market developer, investor, and lending relationships. He also supports the underwriting and execution of commercial real estate financing transactions, preparing loan presentations and documentation for projects spanning multiple asset classes, including for-sale condominiums, self-storage, senior living, hospitality, and other commercial real estate sectors.
Max graduated from Washington University in St. Louis with a BSBA, earning double majors in Finance and Marketing and a minor in the Business of Sports. While at WashU, he was a member of the university’s varsity football team where he competed as an NCAA student-athlete.
Originally from the Chicago area, Max enjoys golfing, following sports, especially the Chicago Bears and Chicago Cubs, and spending time watching quality movies.
Reach Max -
Giovanni Russo
Capital Markets AnalystGiovanni Russo
Giovanni Russo is a Capital Markets Analyst at Wedgewood Investment Group, where he structures debt and equity transactions for institutional and middle-market real estate investors, and works as a Development Analyst on the firm’s GP projects, including a marina acquisition and a luxury condominium development. He graduated from the University of Wisconsin–Madison in three years with a BBA in Finance and Real Estate, and was a member of the Commercial Real Estate Private Equity Club. Giovanni is from Chicago and, outside of work, enjoys basketball, exercising, and spending time with family and friends.
Reach Giovanni
Associations & forums
Wedgewood has involvement with the National Investment Center for Seniors Housing & Care, the Mortgage Bankers Association, the American Seniors Housing Association, Argentum, the Urban Land Institute and Vistage. These organizations keep the firm close to the research, the capital sources and the policy work that shape senior housing and commercial real estate finance.
- NIC
- MBA
- ASHA
- Argentum
- ULI
- Vistage
Connect
Get in touch
Tell us what you are financing and we will let you know what the current market will support.
- You work directly with the person handling your deal.
- An indication of pricing and proceeds before you commit.
- A straight answer if the deal is not financeable today.
Since 2009
Our story
The history
Founded in 2009 by Rudy Trebels, Wedgewood Investment Group began with a focused commitment to senior living and the unique capital needs of its operators and developers. Over the years, that focus became the foundation for a broader commercial real estate capital markets platform.
Under Rudy’s leadership, Wedgewood has completed more than $5 billion in transactions and executed deals with more than 100 lenders and investors. Along the way, the firm has developed a deep network spanning community and regional banks, international financial institutions, private equity, and domestic and international investors.
That experience has given Wedgewood the ability to structure and execute complex transactions, connect clients with the right sources of capital, and navigate changing market conditions with confidence and discipline.
Today, Wedgewood provides capital markets solutions across a broad range of commercial real estate asset classes, including senior living, multifamily, industrial, retail, office, hospitality, mixed-use, and development projects.
Our founder
Rudy Trebels
CEO & Founder
With more than four decades of experience across commercial real estate and finance, Rudy Trebels has built Wedgewood Investment Group around a hands-on, entrepreneurial approach to commercial real estate capital markets.
A graduate of Drake University, Rudy has served on the university’s Board of Trustees since 2007 and remains actively involved as a major benefactor. His commitment to giving back extends to Boys Hope Girls Hope of Illinois, where he has served on the Board of Governors for more than 25 years. Rudy and his wife, Lee, have been longtime supporters of the organization and were honored together with its Heart of Gold Award.
Rudy is also a member of the American Seniors Housing Association, Argentum, the National Investment Center for Seniors Housing & Care, and Vistage.
“A community that allows its residents to age in place gives them the opportunity to have a continuing and ever-deepening connection to other people.”
About
Associations & forums
The associations and forums where Wedgewood has involvement.
- MBAMortgage Bankers Association
As the leading advocate for the real estate finance industry, the MBA represents and serves its members through a comprehensive array of capabilities and tools that enable members to successfully deliver fair, sustainable and responsible real estate financing within ever-changing business environments.
- NICNational Investment Center for Seniors Housing & Care
NIC works to enable access and choice by providing data, analytics, and connections that bring together investors and providers.
- ASHAAmerican Seniors Housing Association
ASHA represents the interests of owners, operators, developers and lenders in seniors housing, publishing the industry research and benchmarking data that underpin underwriting across independent living, assisted living and memory care.
- ArgentumSenior living association
Argentum is the largest national association serving companies that own, operate and support professionally managed senior living communities, advocating for the industry and its workforce.
- ULIUrban Land Institute
The Urban Land Institute is a 501(c)(3) nonprofit research and education organization supported by its members. A multidisciplinary real estate forum, ULI facilitates an open exchange of ideas, information, and experience among industry leaders and policy makers dedicated to creating better places.
- VistageExecutive peer advisory
Vistage is a peer advisory organization for chief executives and business owners, convening confidential groups that work through strategy, operations and leadership decisions.