Updated Oct 13, 2026
Michael Hoffenberg And Charlie Zabriskie Of Trevian Capital Provide $15.5 Million Loan For Houston Multifamily Acquisition
$15,500,000
Units
285
Asset Type
MultiFamily
Closing
Jul 23, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located in Houston, consisting of 285 units. The loan amount secured for this acquisition is $15,500,000, structured as a 24-month acquisition bridge loan with a six-month option to extend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Loan Type: Acquisition
- Market: Houston
- Units: 285
This transaction is facilitated by Michael Hoffenberg and Charlie Zabriskie, representing Trevian Capital, who are involved as lenders in this acquisition loan agreement.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93