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Michael Hoffenberg And Charlie Zabriskie Of Trevian Capital Provide $19M Refinance For 48-Unit Multifamily In Farmingdale

Property Image
FINANCED
$19,000,000
CZ
Michael Hoffenberg

New York

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MultiFamily
Financed 07/30/2025
the dealplayerscompscontact
Property Image
FINANCED

Michael Hoffenberg And Charlie Zabriskie Of Trevian Capital Provide $19M Refinance For 48-Unit Multifamily In Farmingdale

MultiFamily
Financed 07/30/2025
CZ
Michael Hoffenberg
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves a multifamily asset located in Farmingdale, consisting of 48 units. The loan amount secured for refinancing this property is $19,000,000, with loan terms structured as 2+1.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,000,000
  • Loan Type: Refinance
  • Loan Terms: 2+1
  • Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital

Michael Hoffenberg and Charlie Zabriskie from Trevian Capital are the key individuals involved in this transaction, bringing expertise in managing construction completion and addressing issues such as cost over-runs, delays, and stop-work orders. They provide timely support to builders by ensuring completion, obtaining certificates of occupancy, and facilitating leasing processes.

Players

Trevian Capital
Trevian Capital
LENDER
CZ
Charlie Zabriskie
16 deals$278.5M volume
ORIGINATOR
Michael Hoffenberg
Trevian Capital
Michael Hoffenberg
8 deals$179.8M volume(847) 309-1445
ORIGINATOR

Details

FINANCED
IMAGE: Michael Hoffenberg & Charlie Zabriskie DATE: 7/31/2025 MARKET: Farmingdale ASSET TYPE: Multifamily ~ UNITS: 48 LENDER: Michael Hoffenberg (@MHoffenberg) & Charlie Zabriskie (@CharlieZabriskie) - Trevian Capital LOAN AMOUNT: $19,000,000 LOAN TYPE: Refinance LOAN TERMS: 2+1 NOTE FROM LENDER: Cost over-runs, delays, stop-work orders... at Trevian Capital, we welcome these stories and are experts in construction completion nationwide. We excel at stepping in mid-stream and helping builders complete construction, obtain a C of O, and lease-up the property. We can move quickly and provide the certainty of execution, discretion, and balance sheet execution they need.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,000,000.00

Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00