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Great Neck

Zev Feder & Satyam Patel Of Meridian Capital Group Represents Lender RWC Lending For $6.1M Loan
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

Zev Feder

Meridian Capital Group

Broker

$139.7M

vol

10 deals

Broker
RWC Lending
RWC LendingLender

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