Norristown & Red Hill, PA - Meridian Capital Group recently arranged a total of $8,700,000 in financing for two properties in Pennsylvania. Hamilton Hall, a six-story apartment complex in Norristown, PA, contains 91 units as well as seven retail spaces. David Fisher and Russ Drebin of Meridian’s New Jersey office were able to negotiate a rate of 5.5% over a seven-year term for financing of $4,700,000.

Red Hill Estates, a mobile home park at 633 Apple Street in Montgomery, PA, secured financing of $4,000,000 for its 165 pads. The upscale, age-restricted housing development boasts a 100% occupancy rate over the past 7 years. Elliot Treitel and Mary Jane Stofik negotiated a rate of 5.36% over a 10 year term.

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.