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Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $8.14M Refinance For Boise Multifamily

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FINANCED
$8,135,000

Idaho

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MultiFamily
Financed 09/24/2025
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FINANCED

Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $8.14M Refinance For Boise Multifamily

MultiFamily
Financed 09/24/2025
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Summary

IDAHO
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

16 deals$278.5M volume
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LENDER

Details

FINANCED
IMAGE: Michael Hoffenberg & Charlie Zabriskie DATE: 09/24/2025 MARKET: Boise ASSET TYPE: Multifamily ~ UNITS: 48 LENDER: Michael Hoffenberg (@MHoffenberg) & Charlie Zabriskie (@CharliezaBriskie) - Trevian Capital (@TrevianCapital) LOAN AMOUNT: $8,135,000 LOAN TYPE: Refinance LOAN TERMS: 1 Year + 6 Month Option to Extend NOTE FROM LENDER: Trevian Capital's bridge loan paid off the maturing construction and mezz loans, and provided the sponsor runway to burn off concessions, increasing revenue prior to listing the property for sale. Trevian Capital provided a flexible prepayment, certainty of execution and ease-of-use.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,135,000.00

Monthly NOI$54,233.33
Monthly Debt Service$51,418.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00