FOR IMMEDIATE RELEASE
Meridian Capital Group Arranges $9.3 Million in Financing to Refinance Four Multifamily Properties on Manhattanâ€™s Upper West Side
November 7, 2017, New York, NY â€“ Meridian Capital Group, Americaâ€™s most active dealmaker, negotiated $9.3 million in balance sheet financing to refinance four multifamily properties on Manhattanâ€™s Upper West Side neighborhood.
The 10-year fixed-rate loan, provided by a balance sheet lender, features a rate of 3.90%. This transaction was negotiated by Meridian Vice President, Mark Brachfeld, who is based in the companyâ€™s New York City headquarters.
The four properties are all located within two blocks of Central Park on attractive tree-lined streets including West 94th Street, West 95th Street and West 104th Street. In total, the four buildings have 34 units.
â€œThese properties offer renters highly desirable homes in the Upper West Side, a neighborhood that has long been one of the most sought-after in Manhattan,â€ said Mr. Brachfeld. â€œIn the area, there are an abundance of new bike lanes in addition to excellent schools and bountiful shops, cafes, and parks all within walking distance.â€
Founded in 1991, Meridian Capital Group is Americaâ€™s most active deal maker and one of the nationâ€™s leading commercial real estate finance and investment sales firms. In 2016, Meridian closed $35 billion in loan volume and sold over $2 billion in commercial properties. Since inception, the company has closed more than $270 billion in financing with the full complement of capital providers, encompassing local, regional and national banks, CMBS lenders, agency lenders, mortgage REITs, life insurance companies, credit unions and private equity funds. Meridian represents many of the worldâ€™s leading real estate investors and developers, and the companyâ€™s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, healthcare, student housing and self-storage properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida and California. www.meridiancapital.com