Meridian Capital Group’s Florida Office Announces Four Recent Transactions Totaling $29.6 Million

Meridian Capital Group, America’s most active debt broker, announces four closed transactions in Florida.

A new mortgage of $20 million was placed by Meridian on a 20,720 square foot retail and commercial condominium, located on Ocean Drive in Miami Beach, FL. The 10-year CMBS loan features a fixed rate of 5.17% and was negotiated by Senior Vice President, Cary Pollack.

A new mortgage of $4.22 million was placed by Meridian on the 88-unit Beach Bluff Apartments, located in Jacksonville, FL. The seven-year balance sheet loan features a fixed rate of 3.80% and was negotiated by Vice President, Jason Grimm.

Meridian arranged $3.1 million in financing for the purchase of two multifamily properties, located at 1823 Dewey Street and 2414 Johnson Street in Hollywood, FL, totaling 65 units. The five-year balance sheet loan, featuring a fixed rate of 3.50%, was negotiated by Managing Director, Noam Kaminetzky.

Meridian negotiated $2.25 million in financing for the refinance of the 18-unit Bayview Townhomes, an oceanfront multifamily property, located on Normandy Isle in Miami, FL. The five-year balance sheet loan features a fixed rate of 3.50% and was negotiated by Managing Director, Noam Kaminetzky.

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