Updated Oct 13, 2026
Michael Hoffenberg Of Trevian Capital Provides $14.5M Bridge Loan For Houston Multifamily Asset
$14,500,000
Units
285
Asset Type
MultiFamily
Closing
Jul 21, 2025
About this deal
AI
The asset is a multifamily property located in Houston, comprising a total of 285 units. The transaction involves a bridge loan amounting to $14,500,000. The loan has a term of 2 years with a six-month option to extend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,500,000
- Lender: Michael Hoffenberg - Trevian Capital
- Loan Type: Bridge
- Loan Terms: 2 years with a six-month option to extend
- Date: 07/22/2025
- Market: Houston
- Units: 285
The key individuals involved in this transaction include Michael Hoffenberg, representing Trevian Capital as the lender. Charlie Zabriskie is also associated with the transaction, though specific roles beyond lending are not delineated in the context provided.
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93