MERIDIAN CAPITAL GROUP ARRANGES OVER $7.4 MILLION IN MIDWEST FINANCING
Minneapolis, MN - Meridian Capital Group recently arranged financing in the amount of $3,000,000 for a 70-unit multifamily property located at 1817-25-31 2nd Avenue South. Max Beyderman and David Cohen
of Meridian’s New Jersey office negotiated to secure a rate of 5.92% over a ten-year term.
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Cincinnati, OH – Marc Kassai, also of Meridian’s New Jersey office,
secured $2,500,000 in financing for a 23,552 square foot retail property located at 11332 Princeton Pike. Kassai negotiated a rate of 6.49% over a ten-year term.
Chicago, IL – Gershon Friedman of Meridian’s Illinois office secured $1,080,000 in combined financing for two multifamily properties totaling 26 units located at 7915 S. Hermitage Avenue and 7953 S. Wolcott Avenue. Friedman negotiated a rate of 6.01% over a five-year term. The buildings were recently remodeled and are well-maintained.
Chicago, IL – Friedman also secured $827,500 in financing for a 10-unit multifamily property located at 908 S. Loomis. The loan benefited from a rate of 5.74% over a five-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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