Meridian Capital Group, America’s most active dealmaker, arranged $210 million in financing to refinance One Clinton, a residential condominium in the Brooklyn Heights neighborhood of Brooklyn, NY on behalf of Hudson Companies.
This transaction was negotiated by Meridian Senior Managing Director, Adam Hakim, Senior Vice President, James Murad, and Director, Andrew Iadeluca, who are all based in the company’s New York City headquarters.
Located at 1 Clinton Street, the 38-story iconic high-rise new construction is comprised of 134 meticulously designed units of grand proportions. One Clinton is located at the base of Cadman Plaza Park with sweeping water and skyline views of New York City. Situated in the apex of Brooklyn Heights, a historic Brooklyn neighborhood known for its beautiful brownstones, civic architecture and parks, One Clinton is a conveniently short walking distance to some of the best private schools, restaurants, cafes, and city attractions.
“The closing of this loan speaks to the market’s confidence in the resilience of the New York City condominium market and the strength of high-quality product within a project’s respective submarket. 1 Clinton Street has a winning combination of timeless finishes, commanding views, unbeatable location, and convenient transportation,” said Hakim.