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Case Studies

B&L Portfolio

New York, NY

1,040-Unit Multifamily Portfolio
Financing Amount: $146,000,000

Challenge:

Negotiate competitively priced financing for a significant 26-property multifamily portfolio located across New York City, while providing the client prepayment penalty flexibility for potential asset dispositions.

Solution:

Meridian leveraged its unparalleled local savings bank relationships, accentuating the high quality of the portfolio as well as the strength and experience of the client, in order to obtain uniquely flexible financing that allowed for a significantly reduced prepayment penalty structure for properties sold prior to maturity.


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