MERIDIAN CAPITAL ARRANGES FINANCING FOR NEW ENGLAND PROPERTY
Salem, MA – Brian McCarthy, of Meridian’s New Jersey office, closed on the Museum Place Mall, a 83,506 square foot retail property located at 2 East India Square. McCarthy secured a loan for $6,000,000 featuring a rate of 5.83% over a ten-year term. The property houses 45 tenants and is located right in the heart of historic downtown Salem.
|
 |
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. |
|
