Meridian Capital Group, America’s most active debt broker, announces four closed transactions in Florida.
A new mortgage of $11.1 million was placed by Meridian on the 156-unit Essex House Apartments, located in West Palm Beach, FL. The five-year loan features a fixed rate of 3.63% and was negotiated by Senior Vice President, Russ Drebin.
Meridian negotiated $10.6 million in financing for the 184-unit Shoreview at Baldwin Park multifamily property in Orlando, FL. The seven-year loan features a floating rate of 2.61% over the 30-day LIBOR rate and was negotiated by Senior Managing Director, Abe Hirsch.
A new mortgage of $7.5 million was placed by Meridian on the Lake City Professional Plaza, a 96,350 square foot office center, located in Lake City, FL. The seven-year loan features a fixed rate of 4.00% and was negotiated by Managing Director, Noam Kaminetzky and Vice President, Avi Geller.
Meridian arranged $7.2 million in financing for the purchase of a 266-pad manufactured housing community, Aloha Mobile Home Park, in Sarasota, FL. The three-year bridge loan features a fixed rate of 6.50% and was negotiated by Senior Vice President, Jim Bologno.
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