Surge Investment Group Secures $34 Million Refinance Loan For 214-Unit Multifamily In Waco
3801 Meyers Lane
$34,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 17, 2025
AI
The property located at 3801 Meyers Lane in Waco is a multifamily asset comprising 214 units. The transaction involved a loan amount of $34,000,000 for refinancing purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Landlord: Surge Investment Group
- Brokers: Keegan Burger & David Larson - Concord Summit Capital
- Date of Transaction: 09/18/2025
Keegan Burger and David Larson, representing the landlord Surge Investment Group, played a key role as brokers in facilitating the transaction. Their involvement was instrumental in securing the refinancing deal for the multifamily property.
Players
Waco 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93