Updated Sep 11, 2026
Meridian Capital Group Arranges $7.5M Refinance Loan For Luxury Multifamily In Santa Monica
1751 Appian Way
$7,500,000
Units
13
Asset Type
MultiFamily
Closing
Sep 22, 2023
About this deal
AI
The property involved in this transaction is a luxury multifamily building with 13 units located at 1751 Appian Way in the prime oceanfront area of Santa Monica. The loan, provided by Mega Bank, is a refinance loan for an amount of $7,500,000. The terms of the loan include a fixed interest rate of 6.00% for 5 years, with 3 years of interest-only payments and a flexible prepayment penalty.
Summary of transaction details:
- Property Type: Luxury Multifamily – 13-Units
- Transaction Amount: $7,500,000
- Lenders: Mega Bank
- Brokers: Morgan Ben-Moshe, David Oheb, Dorian Aftalion – Meridian Capital Group
- Date: 09/22/2023
- Market: Prime Oceanfront Santa Monica
The brokers involved in this deal are Morgan Ben-Moshe, David Oheb, and Dorian Aftalion from the Meridian Capital Group. For more information on how Meridian can add value to your portfolio on your next financing, please contact:
Morgan Ben-Moshe
323-703-3626
[email protected]
David Oheb
212-612-0193
[email protected]
On the Map
$7,500,000
MultiFamily
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Players
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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