Meridian Capital Group

Meridian Arranges $28M Financing on Four-Building Office Portfolio

March 22, 2023

Meridian Capital Group arranged $28 million in financing for four retail and office properties in Manhattan. Totaling 164,675 square feet, the properties are located at 9 E. 19th St., 18-20 W. 21st St., 135-141 W. 20th St. and 110-112 W. 27th St. in the Chelsea and Flatiron neighborhoods.

The transaction was negotiated by Meridian senior managing director Morris Betesh and SVP Alex Bailkin, who are based in the company’s New York City headquarters. Ian Lester and Aaron Schifino of Lester Bleckner and Shaw LLP were legal counsel on behalf of the sponsor.

“Financing office properties in New York City has become increasingly difficult,” said Betesh. “However, with our broad base of lender relationships, we were able to source an insurance company to write a low-leverage loan on these quality assets.”

Featuring:
Morris Betesh
Senior Managing Director
Origination
(212)612-0105
[email protected]
Alex Bailkin
Senior Vice President
Underwriting and Loan Placement
(212)612-0194
[email protected]
Read Article
Recent Articles | Back to News

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

Article
March 22, 2023

BHI Lends $35M on Brooklyn Apartments Build

Article
March 22, 2023

Meridian Capital Group Releases Latest Activity

Article
March 22, 2023

Power Finance 2023: Ralph Herzka and Yoni Goodman

Article
March 22, 2023

Gregory Goldberg, Meridian Capital Group – Retail Leasing

Article
March 22, 2023

Seniors Housing Business: Capital Keeps Flowing in Uncertain Times

Article
March 22, 2023