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

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.