Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $12.425M Refinance Loan For Multifamily In Queens

The asset is a multifamily property with a total of 52 units located in Jamaica, Queens. The property is newly constructed and 97% occupied, falling under the 421-A program.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,425,000
• Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
• Loan Type: Refinance
• Loan Terms: 12 + 6 Years
• Market: Queens

This refinancing transaction was characterized as a time-of-the-essence cash-out refinance. The financing was facilitated by Michael Hoffenberg and Charlie Zabriskie, representing Trevian Capital in this closing transaction.