David Bollag & James Darling Of Meridian Capital Group Secures $15,350,000 Construction Loan In Bronx
FINANCED
$15,350,000
New York
See Similar DealsMultiFamily
Financed 05/27/2026
FINANCED
David Bollag & James Darling Of Meridian Capital Group Secures $15,350,000 Construction Loan In Bronx
MultiFamily
Financed 05/27/2026
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located in the Bronx. The loan amount secured for this transaction is $15,350,000, categorized as a construction loan with terms of 70% loan-to-cost at 300 basis points plus SOFR, with no floor rate stipulated.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,350,000
- Loan Type: Construction
- Loan Terms: 70% LTC at 300 + SOFR, no floor rate
- Date: 5/29/2026
- Market: Bronx
- Broker Representatives: David Bollag & James Darling - Meridian Capital Group
Key individuals involved in this transaction include brokers David Bollag and James Darling, who represent Meridian Capital Group in facilitating this loan deal. Their involvement underscores the professional brokerage services provided for this multifamily financing arrangement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,350,000.00
Monthly NOI$102,333.33
Monthly Debt Service$97,022.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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