facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Kentucky

/

Multifamily

/

Loan

/

453 South Laurel Road

David Sirchenko Of Meridian Capital Group Represents Newtek In $4,350,000 Refinance For Multifamily Asset In London KY
FINANCEDMultiFamily

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.

Players

David Sirchenko

Meridian Capital Group

Broker

$7.5M

vol

2 deals

Broker

London MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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