Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $6.5M Refinance For Birmingham Multifamily
$6,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 10, 2025
AI
The asset involved in this transaction is a multifamily property consisting of 113 units located in Birmingham, AL. The loan amount secured for this property is $6,500,000, with the refinancing structured for a duration of 1 year, accompanied by a 6-month option to extend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Loan Type: Refinance
- Loan Terms: 1 Year + 6 Month Option to Extend
- Market: Birmingham, AL
- Units: 113
This transaction features key individuals, Michael Hoffenberg and Charlie Zabriskie, who represent Trevian Capital as the lenders for the refinancing deal. Their involvement highlights the financing process behind the multifamily property acquisition.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93