Meridian Capital Group

Fairstead, Castlelake Buy Philadelphia High-Rise With $195M Loan

January 13, 2022

Square Mile Capital Management has provided a $195 million loan to a joint venture of Fairstead and Castlelake to purchase and renovate 1500 Locust, a 45-story, 612-unit multifamily building with 7,700 square feet of retail space in Center City, Philadelphia.

Featuring:
Drew Anderman
Senior Managing Director
Origination
(212)612-0236
[email protected]
Alan Blank
Director
Underwriting and Loan Placement
(212)612-0117
[email protected]
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