MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR UNIVERSITY BUILDING IN FLORIDA
Davie, FL - Meridian Capital Group recently arranged financing in the amount of $3,400,000 for the refinancing of a Trinity International University building located at 8192 West State Road 84. Jackie Markovitch of Meridian’s Florida office negotiated on behalf of StreamLine Management to secure a rate of 6.84% for a ten-year term. The deal was done through GE’s SMART program where the total costs were $6,500. The loan is non-recourse with no escrows or reserves.
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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