Updated Jun 29, 2026
David Bollag, Abe Hirsch & James Darling Of Meridian Capital Group Secures $20,355,000 Loan For Hotel To Multifamily Conversion In Orlando
9350 Turkey Lake Road
$20,255,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 22, 2026
About this deal
AI
The property asset involved in the transaction is located at 9350 Turkey Lake Road, Orlando, FL. This multi-family asset encompasses a loan amount of $20,355,000, specifically allocated for a construction loan aimed at converting a hotel into multifamily housing.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,355,000
- Loan Type: Construction
- Loan Note: Hotel to multifamily conversion
The transaction was facilitated by David Bollag, Abe Hirsch, and James Darling, who all represented Meridian Capital Group in this loan deal. Their involvement underscores the importance of experienced brokers in managing complex conversions such as this one.
On the Map
$20,255,000
MultiFamily
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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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93