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
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