Meridian Capital Group, LLC Negotiates $34.2 Million in Financing for Multifamily and Manufactured Housing Properties in New Jersey, Pennsylvania and West Virginia
December 7, 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 $8,700,000 was placed by Meridian on the 146-unit Upsal Gardens garden apartment style multifamily complex located in Philadelphia, PA. The loan features a rate of 3.63% and a five-year term. The transaction was negotiated by David Fisher.
Meridian negotiated a new mortgage in the amount of $6,250,00 on two manufactured housing communities located in Hazlet, NJ. The loan features a rate of 4.50% and a five-year term. The transaction was negotiated by Jim Bologno.
A new mortgage of $3,750,000 was placed by Meridian on a 104-unit garden apartment style multifamily complex in Vineland, NJ. The loan features a rate of 5.05% and a 10-year term. The transaction was negotiated by Russ Drebin.
Meridian negotiated a new mortgage in the amount of $5,500,000 on the 80-unit Grand Lee Apartments multifamily property located in Leonia, NJ. The loan features a rate of 4.55% and a 10-year term. The transaction was negotiated by Abe Schonfeld.
A new mortgage of $6,500,000 was placed by Meridian on the 15-building, 111-unit Dublin Village garden apartment style multifamily complex located in Dublin, PA. The loan features a rate of 4.63% and a seven-year term. The transaction was negotiated by Russ Drebin.
Meridian negotiated a new mortgage in the amount of $3,500,000 on the 88-unit Spring Mill Apartments multifamily property located in Falling Waters, WV. The loan features a rate of 4.49% and a 10-year term. The transaction was negotiated by Avi Hoffman and Barry Lefkowitz.
A new mortgage of $6,500,000 was placed by Meridian on the 20,700 square foot Belleville Shopping Center located in Belleville, NJ. The loan features a rate of 4.50% and a five-year term. The transaction was negotiated by Joshua Gorsky.
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