Updated Oct 13, 2026
Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $8.14M Refinance For Boise Multifamily
$8,135,000
Units
48
Asset Type
MultiFamily
Closing
Sep 23, 2025
About this deal
AI
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
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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93