RWC Lending Provides $26M Refi for Long Island Apartments
By Andrew Coen March 6, 2026 12:04 pm
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Namdar Group has sealed a $26.3 million loan to refinance a multifamily property near Long Island’s North Shore, Commercial Observer has learned.
RWC Lending supplied the loan for the developer’s 55-unit 15 Bond project in Great Neck, N.Y., that opened in 2019.
Meridian Capital Group negotiated the financing in less than 30 days with a team led by Zev Feder and Satyam Patel, sources said.
“Namdar Group is a highly experienced sponsor with a strong track record of owning and operating assets across multiple property types,” Feder said in a statement.
Located at 15 Bond Street 16 miles east of Midtown Manhattan, the property is steps from Long Island Rail Road’s Great Neck station. Building amenities include a lounge, a fitness center. garage parking and concierge service.
RWC Lending and Namdar Group did not immediately return requests for further comment.
Andrew Coen can be reached at acoen@commercialobserver.com.
