MERIDIAN CAPITAL GROUP ARRANGES FINANCING
FOR PENNSYLVANIA MULTIFAMILY PROPERTY
Lower Paxton, PA - Meridian Capital Group recently arranged $7,350,000 in financing for the Twelve Tree Apartments and Townhomes. The property contains three, 2-story apartment buildings and six, 2-story townhomes totaling 136 units and is located at 1136 Summerwood Drive. Shimon Weiner of Meridian’s New Jersey office negotiated on behalf of the borrower, LCL Management, to secure a rate of 5.75% over a ten-year term. The property’s amenities include a pool and off street parking.
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 2,350 transactions in 2007, totaling over $16.5 billion.
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