MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR
CLASS A MULTIFAMILY PROPERTY IN OHIO
Galloway, OH - Meridian Capital Group recently arranged a loan in the amount of $16,000,000 for the refinance of Harvest Glen. The property consists of 29 buildings totaling 320 units located at 1919 Georgesville Road. Michael Brown and Brad Gladsden of Meridian’s Florida office negotiated to secure a fixed rate of 5.30% over a 7-year term with 2 years of interest only, non-recourse, and no replacement reserves. This is the 3rd transaction Meridian has completed for the client within the last 18 months.
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 2,350 transactions in 2007, totaling over $16.5 billion.
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