Michael Hoffenberg & Charlie Zabriskie Secure $14.9 Million Refinance Loan For 126-Unit Multifamily In Bowling Green KY
$14,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 27, 2025
AI
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.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93