MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR MULTI WITH RETAIL IN NYC FASHION DISTRICT
New York, NY - Meridian Capital Group recently arranged financing in the amount of $20,500,000 for the recapitalization of a multifamily building with ground floor retail located on Seventh Avenue in Manhattan’s midtown Fashion District. The 13-story building contains 98 apartment units and four retail spaces, which include Steve Madden Footwear, Nextel, and Missha Skincare on the ground floor. Allan Lieberman of Meridian’s New York office negotiated to secure a rate of 6%, interest only, over a three-year term.
|
 |
Founded in 1991, Meridian Capital Group LLC is one of the nation’s largest mortgage brokerages serving the multifamily and commercial real estate sectors. The company is based in New York City with additional offices in New Jersey, Pennsylvania, Maryland, Illinois, Florida, California, and Texas. Working with a wide variety of lenders, Meridian finances transactions ranging from $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, healthcare, self-storage, industrial, and construction properties. Nationally, Meridian reported more than 2,500 transactions in 2006, totaling over $17 billion.
|
|
