Michael Hoffenberg & Charlie Zabriskie Secure $14.35M Refinance Loan For 84-Unit Multifamily In Batavia
$14,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 23, 2026
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93