Meridian Capital Group

H.I.G. Lends $69M on Atlanta Apartment Asset Acquisition

March 11, 2022

MSC Investments has landed $69 million of acquisition financing for the purchase of an Atlanta   multifamily property, Commercial Observer has learned.

H.I.G. Realty Partners provided the loan for MSC to acquire Virginia Highlands Apartments, sources told CO. The three-year non-recourse, interest-only loan features an interest rate below 4 percent and allows for funding up to 83 percent of the total loan-to-cost.

Meridian Capital Group arranged the transaction with a team led by Peter MartzNoam Kaminetzky and Jason Grimm out of the company’s Boca Raton, Fla. office.

“Despite market volatility as a result of unanticipated world events, including the Russian invasion of Ukraine, we were able to close this loan without issues or adjustments,” Martz said in a statement. 

Featuring:
Peter Martz
Senior Vice President
Origination
(561) 807-8616
[email protected]
Read Article
Recent Articles | Back to News

Lakewood Class-A Office Development Lands $35M in Construction Financing

Article
March 11, 2022

BHI Lends $35M on Brooklyn Apartments Build

Article
March 11, 2022

Meridian Capital Group Releases Latest Activity

Article
March 11, 2022

Power Finance 2023: Ralph Herzka and Yoni Goodman

Article
March 11, 2022

Gregory Goldberg, Meridian Capital Group – Retail Leasing

Article
March 11, 2022

Seniors Housing Business: Capital Keeps Flowing in Uncertain Times

Article
March 11, 2022