Michael Hoffenberg & Charlie Zabriskie Secure $14.35M Refinance Loan For 84-Unit Multifamily In Batavia
FINANCED
$14,350,000
MultiFamily
Financed 01/23/2026
FINANCED
Michael Hoffenberg & Charlie Zabriskie Secure $14.35M Refinance Loan For 84-Unit Multifamily In Batavia
MultiFamily
Financed 01/23/2026
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in the transaction is a multifamily property located in Batavia, comprising 84 units. The refinance loan secured for this asset amounts to $14,350,000, under the loan terms of 2 + 1.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,350,000
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Loan Type: Refinance
- Loan Terms: 2 + 1
- Date: 01/23/2026
- Market: Batavia
- Units: 84
The deal is represented by Michael Hoffenberg and Charlie Zabriskie from Trevian Capital, who have played a crucial role in this refinancing transaction, providing financial support to the multifamily property in Batavia.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,350,000.00
Monthly NOI$95,666.67
Monthly Debt Service$90,701.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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