Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $4.3M Refinance Loan In Jersey City
FINANCED
$4,300,000
New Jersey
See Similar DealsRetail14,000 SF
Financed 05/22/2025
FINANCED
Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $4.3M Refinance Loan In Jersey City
Retail14,000 SF
Financed 05/22/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$307
Total Square Footage:14,000 SF
Transaction Type:Loan
The property asset involves a retail space encompassing 14,000 square feet located in Jersey City. The loan amount for this asset stands at $4,300,000, and it is classified as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Loan Type: Refinance
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
The deal features Michael Hoffenberg and Charlie Zabriskie representing Trevian Capital as the lenders involved in this transaction, contributing their expertise in the loan process for the outlined retail property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,300,000.00
Monthly NOI$28,666.67
Monthly Debt Service$27,178.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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