Deal #2419 · Apartment Refinance · Lender Bidding · LIVE

Meridian Ridge Apartments — $8.4M, Plainfield, IL

128-unit Class B multifamily · refi of existing $5.2M loan + cash-out · DSCR 1.34 · LTV 65%
$8.4M
Loan amount
65%
LTV
1.34
DSCR
A · 86
Risk score
~12 days
Est. close
Bid window closes in
14:23:48
22 lenders matched · 4 active bids

Live bids — sorted by all-in cost

6.42%
Best rate
▼ 18 bps
vs market avg
4 / 22
Bids in
BMO
BMO Harris — Commercial RE Group
Bank · 23 prior Bravo deals · 96% match
10 yr
Term
25 yr
Amort
65%
LTV
$0
Origination
6.42%
▲ LEADING · 14d close
NWM
Northwest Mutual Life
Life co. · portfolio · 89% match
10 yr
Term
30 yr
Amort
65%
LTV
0.50%
Origination
6.55%
non-recourse · 35d close
CTZ
Citizens Bank Commercial
Bank · 11 prior Bravo deals · 84% match
7 yr
Term
25 yr
Amort
70%
LTV
1.00%
Origination
6.71%
recourse · 32d close
MCP
Madison Capital Partners
Hedge fund · debt fund · 78% match
5 yr
Term
I/O
Amort
75%
LTV
1.50%
Origination
7.85%
flexible terms · 18d close
+18
18 more lenders · awaiting bid
5 banks · 2 credit unions · 6 hedge · 3 life · 2 private

How the matching engine ranked these 22 lenders

Every match factor is explainable. Tom can adjust weights per deal.
Product fit
Apartment / Class B
Filtered to lenders actively quoting multifamily $5-15M in Q2'26.
Credit box fit
DSCR ≥ 1.20 · LTV ≤ 75%
128 lenders pass; 22 quote at this size+geography.
Historical win-rate
82% w/ Bravo
Top 6 lenders have closed comparable Bravo deals in < 30 days.
Geographic preference
IL / Midwest
12 lenders have explicit IL portfolio mandates.