Meridian Capital Group

BMO Provides $154M Senior Loan on SJP, David Werner’s & Onyx Partners’ Hoboken Office Buy

March 14, 2022

Bank of Montreal (BMO) is the senior lender behind SJP PropertiesDavid Werner Real Estate Investments and Onyx Partners’ financing package for the joint venture’s purchase of Waterfront Corporate Center I in Hoboken, N.J., Commercial Observer has learned.

BMO provided a $153.8 million first mortgage in the deal, while 3650 REIT supplied $30 million of preferred equity, sealing the JV’s acquisition of the 14-story office and retail asset from real estate investment trust Veris Residential (formerly Mack-Cali Realty Corporation). 

Meridian Capital Group arranged the financing, with a team led by Drew Anderman and Eddie Haber.

Featuring:
Drew Anderman
Senior Managing Director
Origination
(212)612-0236
[email protected]
Eddie Haber
Vice President
Underwriting and Loan Placement
(212)612-0211
[email protected]
Read Article
Recent Articles | Back to News

BHI Lends $35M on Brooklyn Apartments Build

Article
March 14, 2022

Meridian Capital Group Releases Latest Activity

Article
March 14, 2022

Power Finance 2023: Ralph Herzka and Yoni Goodman

Article
March 14, 2022

Gregory Goldberg, Meridian Capital Group – Retail Leasing

Article
March 14, 2022

Seniors Housing Business: Capital Keeps Flowing in Uncertain Times

Article
March 14, 2022

Meridian Capital Arranges Acquisition Loan on Suburban Philly Offices

Article
March 14, 2022