MERIDIAN CAPITAL ARRANGES FINANCING FOR TWO FLORIDA PROPERTIES
Naples, FL - Meridian Capital Group recently arranged $2,995,000 in financing for a 19,791 square foot retail property located at 6000-28 Radio Road. Joshua Berkovits and Stephen Swiecicki of Meridian’s Illinois office negotiated on behalf of borrower Charles Siragusa to secure a rate of 6.17% over a five-year term. Mr. Siragusa was able to lower the interest rate on the building by 1.5%. The property houses multiple mom-and-pop tenants.
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Delray Beach, FL - Barak Amram and Matt Weiler of Meridian’s Florida recently arranged financing for a 16,500 square foot industrial building located on SW 16th Avenue. Meridian secured
a loan for $1,300,000 benefiting from a rate of 6.6% over a
five-year term. The borrower built the property in 1989 and it’s currently 100% occupied. The main tenant is a representative
for large dealerships in the area, including Maroone, Shumacher and Lexus.
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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