Meridian Capital Group, America’s most active dealmaker, arranged $110 million in financing to refinance Brooklyn Gold, a luxury multifamily property in Brooklyn, NY.
The 10-year loan, provided by a balance sheet lender, features a rate in the low 3.00% range and was negotiated by Meridian’s Charles Grussgott, Abe Hirsch and Michael Helmreich, who are based in the company’s New York City headquarters.
Brooklyn Gold consists of 372 luxury studio, one- and two-bedroom apartments as well as retail across 13 stories featuring open layouts, hardwood flooring, in-unit washers and dryers, marble bathrooms and an abundance of natural light and striking views through expansive floor-to-ceiling windows. Residents also benefit from community amenities such as a landscaped roof deck, an oversized sky-lit indoor pool, a fitness center, a resident lounge, onsite parking garage, valet services, and a modern lobby with a 24-hour concierge.
Brooklyn Gold is located in the heart of Downtown Brooklyn, one of the borough’s fastest growing neighborhoods. The property offers proximity to area hotspots including MetroTech Commons, the Brooklyn Academy of Music, Fort Greene Park, shops along Montague Street, as well as universities, schools, and access to an array of subway options and the Long Island Rail Road.