Meridian Capital Group: Press Releases

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MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR GARDEN APARTMENT COMPLEX

Edgewood, MD - Meridian Capital Group recently arranged $6,096,000 in financing for Edgewood Park Apartments. The garden apartment complex contains twelve, 3-story buildings totaling 132 units. Matthew Texler and Jacob Katz of Meridian’s Bethesda office negotiated on behalf of Multi-Properties, Inc. to secure a rate below 5.6% over a 10-year term.

Edgewood Park is located in a quiet residential area conveniently located near shopping areas and public transportation. Apartments are natural brick with sound barrier material between floors and ceilings, wood parquet floors, individually controlled air conditioning and gas heating, and laundry and storage facilities in most buildings.

Founded in 1991, Meridian Capital Group LLC is one of the nation’s largest mortgage brokers 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, and California. 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 2005, totaling over $16 billion.