Meridian Capital Group Arranges $17M Multifamily Refinance In Pasco, WA
FINANCED
$17,000,000
Washington
See Similar DealsMultiFamily
Financed 10/25/2022
FINANCED
Meridian Capital Group Arranges $17M Multifamily Refinance In Pasco, WA
6102 North Road 68
See Similar DealsMultiFamily
Financed 10/25/2022
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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