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
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