Meridian Capital Group, America’s most active dealmaker, negotiated $9.3 million in balance sheet financing to refinance four multifamily properties on Manhattan’s Upper West Side neighborhood.
The 10-year fixed-rate loan, provided by a balance sheet lender, features a rate of 3.90%. This transaction was negotiated by Meridian Vice President, Mark Brachfeld, who is based in the company’s New York City headquarters.
The four properties are all located within two blocks of Central Park on attractive tree-lined streets including West 94th Street, West 95th Street and West 104th Street. In total, the four buildings have 34 units.
“These properties offer renters highly desirable homes in the Upper West Side, a neighborhood that has long been one of the most sought-after in Manhattan,” said Mr. Brachfeld. “In the area, there are an abundance of new bike lanes in addition to excellent schools and bountiful shops, cafes, and parks all within walking distance.”
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