Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $12.425M Refinance Loan For Multifamily In Queens
FINANCED
$12,425,000
New York
See Similar DealsMultiFamily
Financed 01/30/2026
FINANCED
Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $12.425M Refinance Loan For Multifamily In Queens
MultiFamily
Financed 01/30/2026
Summary
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,425,000.00
Monthly NOI$82,833.33
Monthly Debt Service$78,534.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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