Trevian Capital Provides $22.95M Refinance For 92-Unit Multifamily Property In Newark

The property asset involved in this transaction is a multifamily development located at 303 Washington Street in Newark. This Class-A property consists of 92 units and has a total square footage of 72,150. The financing is categorized as a refinance transaction with a total loan amount of $22,950,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,950,000
• Address: 303 Washington Street
• Market: Newark
• Units: 92
• Square Footage: 72,150
• Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
• Loan Type: Refinance
• Loan Terms: Construction Completion and Stabilization 18 + 6

Trevian Capital, represented by Michael Hoffenberg and Charlie Zabriskie, provided funding that includes recapitalization and construction completion and stabilization financing for the multifamily property, which is currently 90% complete.