Meridian Capital Group, LLC Negotiates $68.8 Million in Financing for Multifamily Properties in New Jersey, Connecticut and Pennsylvania
October 5, 2011, Iselin, NJ — Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:
A new mortgage of $32,000,000 was placed by Meridian on Goshen Terrace, a garden apartment multifamily complex in West Chester, PA. The property contains 384 units in 24 two-story buildings. The loan features a rate of 4.24% and a 10-year term. The transaction was negotiated by Russ Drebin.
Meridian negotiated a new mortgage in the amount of $27,000,000 on a 560-unit multifamily building in Newark, NJ. The loan features a rate of 4.45% and a 5-year term. The transaction was negotiated by Israel Schubert and Elliot Treitel.
Meridian negotiated a new mortgage in the amount of $5,475,000 on a 167-unit, garden apartment multifamily complex on Allen Street in New Britain, CT. The loan features a rate of 3.76% and a 5-year term. The transaction was negotiated by Russ Drebin.
A new mortgage of $4,270,000 was placed by Meridian on a 108-unit multifamily portfolio in West New York, NJ. The loan features a rate of 3.90% and a 5-year term. The transaction was negotiated by Elliot Treitel.
Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com