Michael Hoffenberg & Charlie Zabriskie Secure $14.9 Million Refinance Loan For 126-Unit Multifamily In Bowling Green KY
FINANCED
$14,900,000
Kentucky
See Similar DealsMultiFamily
Financed 08/27/2025
FINANCED
Michael Hoffenberg & Charlie Zabriskie Secure $14.9 Million Refinance Loan For 126-Unit Multifamily In Bowling Green KY
MultiFamily
Financed 08/27/2025
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Bowling Green, KY, consisting of 126 units. A refinance loan amounting to $14,900,000 has been secured for this property, with loan terms structured as 2 + 1.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,900,000
- Market: Bowling Green, KY
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Loan Type: Refinance
- Loan Terms: 2 + 1
- Units: 126
Michael Hoffenberg and Charlie Zabriskie are the lenders representing Trevian Capital in this refinancing deal, facilitating the transaction for the multifamily property. Their involvement underscores their role in the financing aspect of this closed property transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,900,000.00
Monthly NOI$99,333.33
Monthly Debt Service$94,178.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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