FINANCEDMultiFamily
Trevian Capital Provides $7,500,000 Refinance Loan For 160-Unit Multifamily Asset In Memphis
$7,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2026
AI
The asset involved in this transaction is a multifamily property located in Memphis, TN, comprising 160 units. The refinance loan amounts to $7,500,000 with a loan term of 12 months along with a 6-month option to extend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Lender: Trevian Capital
- Loan Type: Refinance
- Loan Terms: 12 Months + 6 Month Option to Extend
- Date: 05/19/2026
Michael Hoffenberg and Charlie Zabriskie were key individuals involved in this transaction, representing the interests related to the financing of the property.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93