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3801 Meyers Lane

Surge Investment Group Secures $34 Million Refinance Loan For 214-Unit Multifamily In Waco
FINANCEDMultiFamily

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

David Larson

Concord Summit Capital

Broker

$501.5M

vol

8 deals

Broker

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