Transactions

Case Studies

Hudson Square South

Hoboken, NJ

150-Unit Multifamily Property
Financing Amount: $33,000,000

Challenge:

Secure competitive fixed-rate financing with favorable prepayment terms for a class-A property in Hoboken, NJ.

Solution:

Meridian highlighted the strength and experience of the borrower, Applied Development Company, as well as the high quality and desirable location of the property in order to obtain, from a local savings bank, a favorable 4.70% fixed-rate loan with a seven-year term, a five-year option, and flexible, step-down prepayment penalty provisions.


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