MERIDIAN CAPITAL ARRANGES FINANCING FOR NORTH CAROLINA AND FLORIDA PROPERTIES
Hickory, NC - Meridian Capital Group recently arranged $6,872,000 in financing for the Hickory Trace Apartments, a 230-unit multifamily property located at 1260 5th Street. Eric Fixler of Meridian’s Florida office negotiated a rate of 5.69% over a ten-year term. Recent renovations and rehab have brought the occupancy level up significantly.
Pompano, FL - Gary Wood and Chaim Lanner, also of Meridian’s Florida office recently arranged for the refinancing of three multifamily properties totaling 48 units located at 2275 NE 12th Street, 206 NE 3rd Street, and 1215 NE 23rd Street. Meridian secured a loan for $2,500,000 benefiting from a rate of 6.18% over a seven-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.
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