Meridian Capital Group, LLC Negotiates $65.1 Million in Financing for Office, Multifamily and Mixed-Use Properties in New Jersey, Pennsylvania and Delaware
December 21, 2011, Iselin, NJ — Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:
Meridian negotiated a new mortgage in the amount of $27,200,000 on Steward"s Crossing, a luxury garden-style multifamily complex in Princeton, NJ. The loan features a rate of 4.20% and a seven-year term. The transaction was negotiated by Jim Bologno.
A new mortgage of $15,900,000 was placed by Meridian on a 212,000 square foot office building on Walnut Street in the Center City area of Philadelphia, PA. The loan features a rate of 4.75% and a five-year term. The transaction was negotiated by David Fisher.
Meridian negotiated a new mortgage in the amount of $6,600,000 on a nine-building multifamily portfolio totaling 113 units in Passaic, NJ. The loan features a rate of 4.75% and a seven-year term. The transaction was negotiated by Abe Schonfeld.
A new mortgage of $6,250,000 was placed by Meridian on the 120-unit Governors Place Apartments multifamily property in Smyrna, DE. The loan features a rate of 3.26% and a five-year term. The transaction was negotiated by Max Beyderman and Scott Jackson.
Meridian negotiated a new mortgage in the amount of $4,500,000 on the four-story, 44-unit Queens Gardens multifamily building in Lakewood, NJ. The loan features a rate of 3.84% and a seven-year term. The transaction was negotiated by Paul Gilbert and Scott Jackson.
A new mortgage of $3,000,000 was placed by Meridian on the 56-unit Benton Court Apartments multifamily property in Philadelphia, PA. The loan features a rate of 4.63% and a five-year term. The transaction was negotiated by Russ Drebin.
Meridian negotiated a new mortgage in the amount of $1,600,000 on a mixed-use property with 25 apartment units and three retail spaces located on Main Avenue in Passaic, NJ. The loan features a rate of 4.75% and a 15-year term. The transaction was negotiated by Steve Tessler.
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