MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR
29 MULTIFAMILY BUILDINGS IN ARIZONA
Mesa, AZ - Meridian Capital Group recently arranged a loan in the amount of $25,200,000 for the purchase of the Sun Valley Ranch Apartments. The property consists of 29 luxury buildings totaling 308 units located at 7353 University Drive. Avner Avesar and Noam Kaminetzky of Meridian’s Florida office negotiated with Centerline Capital and Freddie Mac to secure a rate of 5.370% over a 5-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 2,350 transactions in 2007, totaling over $16.5 billion.
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