660 Madison Avenue

New York, NY

265,000 Sq. Ft. Retail Condominium
Financing Amount: $100,000,000

Challenge:

Obtain competitive 10-year fixed-rate financing for a retail condominium at an early point in the market recovery cycle (June 2010).

Solution:

Meridian leveraged its strong relationships with CMBS lenders at a critical period of the re-emergence of the market to secure a $100 million mortgage loan at a favorable rate tailored specifically to the sponsor’s goals and requirements.