Meridian Capital Group Arranges $57 Million in Financing for The Residences at Eagle Building, a Geothermal Mixed-Use Property in Chicago, IL
Meridian Capital Group, America’s most active dealmaker, arranged $57 million in financing to refinance The Residences at Eagle Building, a newly constructed, mixed-use, geothermal property in Chicago, IL, on behalf of Dave Gassman of DLG Management.
Meridian Capital Group Arranges $57M Loan for Refinancing of Residential, Commercial Building in Chicago
Meridian Capital Group has arranged a $57 million loan for the refinancing of The Residences at Eagle Building, a residential and commercial building in Chicago’s Lakeview neighborhood. Completed in 2019, the asset includes 134 apartment units and 20,000 square feet of commercial space that is leased to Starbucks, Smylie Brothers and Lakeview Food Pantry.
AIG Lends $57M on New Geothermal Mixed-Use Project in Chicago
DLG Management has nabbed a $57 million loan to refinance a newly constructed, geothermal mixed-use property in Chicago, Commercial Observer has learned. AIG provided the 15-year loan, which features a 3 percent interest rate, on behalf of DLG’s Dave Gassman for The Residences at the Eagle Building, sources familiar with the deal told CO. The financing arrangement was negotiated by Meridian Capital Group Managing Director Gershon Friedman out of the company’s Chicago office.
Meridian Capital leads refinancing of new mixed-use building in Chicago’s Lakeview
Meridian Capital Group has arranged $57 million in financing to refinance The Residences at Eagle Building, a newly constructed, mixed-use, geothermal property in Chicago, Illinois, on behalf of Dave Gassman of DLG Management.
Park Slope Sale Points to Renewed Investor Demand in NYC
Meridian’s Adam Hess and Edward Setton recently sold 138 St. Marks Pl., a mixed-use property in Brooklyn’s Park Slope neighborhood. The property was acquired by Connor Domershick and Max Maleh for $3.7 million, averaging $761 per square foot.
NYCB Supplies $56M Loan for Boca Raton Multifamily Acquisition
Harbor Group International (HGI) has landed $56 million in financing for its acquisition of a luxury multifamily asset in Boca Raton, Fla., the developer announced Wednesday.
KeyBank Provides $67M Debt Package for Connecticut Multifamily Asset
SYM Investments has inked nearly $66 million in acquisition financing and more than $1 million in capital expenditures (capex) funds for a multifamily development in Trumbull, Conn., Commercial Observer has learned.
Meridian Capital Group Arranges Three Revolving Lines of Credit Totaling $225 Million for National Debt Fund Lenders
Meridian Capital Group, America’s most active dealmaker, arranged three $75 million revolving lines of credit totaling $225 million for three large national debt funds. Each credit facility begins with $75 million of capacity that can be increased as required. The facilities have no mark-to-market or re-balance requirements, and advances are funded within one to three days of request. These transactions were negotiated by Seth Grossman and Jason Kahn of Meridian’s West Coast team. Jackie Tran and Sarah Kuebler assisted in the closings.
Meridian Capital Group arranges $53 million in financing for Bronx cooperative property
Bronx, NY Meridian Capital Group arranged $48 million in financing for the refinance of The Whitehall, a cooperative property in the Riverdale neighborhood, in addition to a $5 million revolving line-of-credit.