Trevian Capital Provides $30 Million Bridge Loan For 120-Unit Multifamily Asset In Ann Arbor
$30,000,000
Units
120
Asset Type
MultiFamily
Closing
Jul 28, 2026
AI
The asset involved in this transaction is a multifamily property located in Ann Arbor, MI, consisting of 120 units. The property has a loan amount of $30,000,000 secured through Trevian Capital, which specializes in providing bridge loans.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Market: Ann Arbor, MI
- Loan Type: Bridge
- Loan Terms: 2 + 1
- Lender: Trevian Capital
- Loan Originator: Charlie Zabriskie - Trevian Capital
- Units: 120
The key individuals involved in this transaction include Michael Hoffenberg and Charlie Zabriskie. Charlie Zabriskie serves as the loan originator through Trevian Capital, representing the lender in this deal.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93