FINANCEDMultiFamily
Zev Feder & Satyam Patel Of Meridian Capital Group Represents Lender RWC Lending For $6.1M Loan
$6,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 6, 2025
AI
The asset involved in this transaction is a multifamily property located in the Great Neck market. The acquisition was financed through a loan amounting to $6,100,000, facilitated by RWC Lending.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Lender: RWC Lending
- Brokers: Zev Feder & Satyam Patel - Meridian Capital Group
- Loan Type: Acquisition
- Date: 8/7/2025
Zev Feder and Satyam Patel, representing Meridian Capital Group, played a crucial role in this transaction, overseeing the acquisition process for the multifamily asset.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93