David Sirchenko Of Meridian Capital Group Represents Newtek In $4,350,000 Refinance For Multifamily Asset In London KY
453 South Laurel Road
$4,350,000
$89/SF
Building Size
48,820 SF
Asset Type
MultiFamily
Closing
Mar 26, 2026
AI
The Laurel, located at 453 South Laurel Road in London, KY, is a multifamily asset comprising 48,820 square feet and consists of 40 units. This property was involved in a refinancing transaction valued at $4,350,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Lender: Newtek
- Broker: David Sirchenko - Meridian Capital Group
- Transaction Date: 3/27/2026
David Sirchenko of Meridian Capital Group acted as the broker in this refinance transaction. The loan was specifically arranged for the multifamily property, indicating a strategic financial adjustment for the asset's owners.
London 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93