$42 Million Refinance Secured By David Bollag & James Darling For Multifamily Asset In Bronx
$42,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 3, 2026
AI
The asset involved in this transaction is a multifamily property located in the Bronx market. The loan amount secured for this transaction is $42,000,000, with a loan type categorized as refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Loan Type: Refinance
- Date of Transaction: 5/4/2026
- Brokers: David Bollag & James Darling - Meridian Capital Group
The individuals representing the deal are David Bollag and James Darling, both associated with Meridian Capital Group, which facilitated the refinance of the multifamily asset in the Bronx. Their expertise in the market played a critical role in the transaction process.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93