Updated Sep 24, 2026
Trevian Capital Provides $30.4M Bridge Loan For 165-Unit Multifamily Complex In Brigham City
747 Main Street
$30,400,000
Units
165
Asset Type
MultiFamily
Closing
Jul 31, 2026
About this deal
AI
The asset involved in this transaction is a 165-unit multifamily apartment complex located at 747 Main Street in Brigham City, Utah. The complex is categorized as Class A and was secured with a bridge loan amounting to $30,400,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,400,000
- Loan Type: Bridge
- Loan Terms: 2 + 1
- Lender: Charlie Zabriskie & Michael Hoffenberg - Trevian Capital
- Market: Brigham City
- Units: 165
This transaction was facilitated by Trevian Capital, which provided a recapitalization and construction completion loan due to the original lender's inability to finance Phase II of the construction. The existing debt was retired, allowing the same development team and general contractor that stabilized Phase I to continue with the project.
On the Map
$30,400,000
MultiFamily
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Players
Brigham City 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93