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1600 E Street

Citigroup Provides $15,000,000 Refinance Loan For Multifamily Asset In Vancouver WA
FINANCEDMultiFamily

Citigroup Provides $15,000,000 Refinance Loan For Multifamily Asset In Vancouver WA

1600 E Street

$15,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 14, 2026

AI

The property asset involved in this transaction is a multifamily building located at 1600 E Street, Vancouver, WA. The loan was secured for refinancing purposes with a total loan amount of $15,000,000. The asset type is multifamily, indicating its use for residential purposes typically accommodating multiple families in separate units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,000,000
  • Lender: Citigroup
  • Broking Agency: Meridian Capital Group
  • Brokers: David Bollag & James Darling
  • Loan Type: Refinance
  • Date of Transaction: 4/15/2026

Key individuals in this transaction include David Bollag and James Darling, who represented the terms of the refinancing for the borrower through their agency, Meridian Capital Group. Their involvement highlights the professional partnership in facilitating the financial aspects of this multifamily property transaction.

Players

David Bollag

Meridian Capital Group

Broker

$970.8M

vol

31 deals

Broker

Vancouver 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93