Meridian Capital Group, America’s most active dealmaker, arranged $57.5 million in CMBS financing for the refinance of a 15-property multifamily portfolio in Minnesota, Ohio, Indiana, Kentucky, and Georgia, on behalf of Reliance Global Holdings.
The 10-year fixed rate CMBS loan was negotiated by Meridian Managing Director, Cary Pollack, Vice President, Judah Neuman, and Senior Analyst, Steve Cohen, who are all based in the company’s New York City headquarters.
“Meridian capitalized on our experience and knowledge of the market and we are pleased to have worked with the lender to provide Reliance Global Holdings with the permanent financing they need to enable them to continue growing their impressive portfolio,” said Mr. Pollack.
The 15-property portfolio, totaling 1,192 units, consists of the Laurel Bay and Carleton Court properties in Minnesota, the Camellia Court, Beckford Place, Forsythia Court, Slate Run, Tabor Ridge, Foxhaven, and River Glen properties in Ohio, the Ridgewood and Meadowood properties in Indiana, the Ashgrove and Hayfield Park properties in Kentucky, and the Elmwood and Wood Trail properties in Georgia.
Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com