Case Studies

Hudson Square South

Hoboken, NJ

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


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


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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