FINANCEDCondo
Trevian Capital Provides $11.05M Refinance Loan For Great Neck Condo By Brokers Naphtali Marrus & Benjamin Nevid
$11,050,000
Building Size
—
Asset Type
Condo
Closing
Feb 25, 2026
AI
The asset involved in this transaction is a condominium located in Great Neck. The loan for this property was structured as a refinance with a total loan amount of $11,050,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,050,000
- Lender: Trevian Capital
- Brokers: Naphtali Marrus & Benjamin Nevid - Meridian Capital Group
- Loan Type: Refinance
- Date: 2/25/2026
This transaction involved key representatives from Meridian Capital Group, Naphtali Marrus and Benjamin Nevid, who acted on behalf of their client to navigate the refinancing process with Trevian Capital as the lender.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93