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6102 North Road 68

Meridian Capital Group Arranges $17M Multifamily Refinance In Pasco, WA
FINANCEDMultiFamily

Meridian Capital Group Arranges $17M Multifamily Refinance In Pasco, WA

6102 North Road 68

$17,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 25, 2022

AI

The multifamily property located at 6102 North Road 68 in Pasco, WA has undergone a refinancing. The loan transaction was facilitated by the Meridian Capital Group, with brokers David Bollag, Drew Anderman, and Jared Fried representing the deal. The loan amount totaled $17,000,000, with a 10-year term.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,000,000
  • Loan Type: Refinance
  • Loan Terms: 10-year term

The team from Meridian Capital Group, comprised of David Bollag, Drew Anderman, and Jared Fried, played a pivotal role in facilitating the refinancing of the multifamily property located at 6102 North Road 68 in Pasco, WA. With their expertise, the loan transaction successfully secured $17,000,000 with a 10-year term.

Players

David Bollag

Meridian Capital Group

Broker

$991M

vol

32 deals

Broker

Pasco 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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93