April 10, 2019
Meridian Capital Group, America’s most active dealmaker, arranged $100 million in financing to refinance 90 Broad Street, an office building in New York, NY on behalf of Princeton International Properties.
The loan, provided by a balance sheet lender, was negotiated by Meridian Executive Vice President Jeff Weinberg, Senior Managing Director, Rael Gervis, and Vice President, Richard Sutton, who are all based in the company’s New York City headquarters.
Located in Manhattan’s Financial District, 90 Broad Street stands 25 stories tall. spans a total of 413,000 square feet and is 97% occupied. The building also contains several ground floor retail tenants, including Café Grumpy, Potbelly Sandwich Shop, Just Salad, Five Iron Golf, and Dunkin Donuts. The property is easily accessible via an array of transportation options, including the 2, 3, 4, and 5 subway trains at the Wall Street and Bowling Green Stations and offers close proximity to the West Side Highway and FDR Drive.
Founded in 1991, Meridian Capital Group is America’s most active dealmaker and one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors. In 2018, Meridian closed over $37 billion in financing through more than 3,500 transactions across more than 250 unique lenders and sold nearly $1 billion in commercial property. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, and healthcare and senior housing properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California.