Meridian Capital Group

Meridian Capital Group Arranges $49 Million in Financing for The Residences at 300 St Paul, a Multifamily Property in Baltimore, MD

September 28, 2018

Meridian Capital Group, America’s most active dealmaker, arranged $49 million in financing to refinance The Residences at 300 St Paul in Baltimore, MD on behalf of PMC.

The 11-year agency loan, provided by Capital One Multifamily Finance, features a rate of 4.53% and a 30-year amortization schedule. This transaction as negotiated by Meridian Senior Vice Presidents, David Fisher and Scott Jackson, who are based in the company’s Iselin, NJ office.

Located at 300 St Paul Place in Baltimore, MD, the property rises 19 stories and consists of 278 one- and two-bedroom apartments that feature modern kitchens with granite countertops, in-unit washers and dryers, hardwood flooring, expansive windows with custom solar shades, and unbeatable city views. The Residences at 300 St Paul offers 17,000 square feet of amenity space, including a game room, theater room, indoor bocce court and putting green, state-of-the-art fitness center, and a rooftop basketball court and pool. The property was originally constructed in 1957 as the headquarters of Commercial Credit Corporation and was most recently tenanted by Citigroup Inc.

“As The Residences at 300 St Paul was coming out of construction and many months from stabilized occupancy, Meridian sought a lender that would provide an early rate lock and allow the deal to close while the property was in the lease-up stage prior to full stabilization. Capital One was able to meet both of these requirements,” said Mr. Jackson.

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 2017, Meridian closed over 3,000 transactions across more than 200 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.

Featuring:
David Fisher
Senior Vice President
Origination
(732) 301-3231
[email protected]
Recent Articles | Back to News

“DO WHAT YOU LOVE, AND YOU’LL NEVER HAVE A PROBLEM WITH MONDAY”

Press Release
September 28, 2018

Meridian Arranges Acquisition Loan for Gowanus Development Site

Press Release
September 28, 2018

Meridian’s Ravvin, Doshi and Mehra complete sale of development site in Greenpoint

Press Release
September 28, 2018

Meridian Closes on Record-Setting Greenpoint Development Site Sale

Press Release
September 28, 2018

Meridian Investment Sales Team to Market The Urban, a Newly Constructed, Mixed-Use Apartment Building with Affordable NY Tax Exemption

Press Release
September 28, 2018

Meridian Investment Sales Team to Market The Urban, a Newly Constructed, Mixed-Use Apartment Building with Affordable NY Tax Exemption

Press Release
September 28, 2018