David Bollag Of Meridian Capital Group Represents Loan For Portland Multifamily Project At $26.7M
9330 Southeast Harold Street
$26,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 14, 2026
AI
The asset involved in this transaction is a MultiFamily property located at 9330 Southeast Harold Street in Portland, OR. The loan amount secured for this property is $26,700,000, categorized as a construction loan.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $26,700,000
- Lender: Western Alliance Bank
- Broker: David Bollag - Meridian Capital Group
- Loan Type: Construction
Key individuals involved in this transaction include David Bollag, who represents Meridian Capital Group in the lending process, facilitating the construction financing through Western Alliance Bank.
Portland 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93