MERIDIAN CAPITAL GROUP ARRANGES $61 MILLION IN FINANCING FOR NYC MULTIFAMILY IN
FINANCIAL DISTRICT
New York, NY - Meridian Capital Group recently arranged financing in the amount of $61,000,000 for the acquisition of a luxury rental building with commercial space and parking located at 15 Cliff Street in Manhattan’s Financial District. The 31-story building contains 156 apartment units, 1,800 square feet of retail/commercial space, and a 4,734 square foot garage. Charles Grussgott and Abe Hirsch of Meridian’s New York office negotiated on behalf of Lalezarian Properties to secure this loan.
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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. |
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