Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $8.14M Refinance For Boise Multifamily
Idaho
See Similar DealsMichael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $8.14M Refinance For Boise Multifamily
Summary
The asset involved in this transaction is a multifamily property located in Boise, comprising 48 units. The refinance loan amount secured for this asset is $8,135,000, which aims to manage the maturity of existing construction and mezzanine loans.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,135,000
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Loan Type: Refinance
- Loan Terms: 1 Year + 6 Month Option to Extend
The key individuals involved in this transaction are Michael Hoffenberg and Charlie Zabriskie, representing Trevian Capital as lenders. Their bridge loan facilitated the pay-off of maturing loans while providing the sponsor with the flexibility needed to enhance revenue before the potential listing of the property for sale.
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