Meridian Capital Group

Meridian Capital Group Arranges $155 Million in Financing for PMC’s Riverwalk Tower in Philadelphia’s Center City Neighborhood

October 12, 2021

Meridian Capital Group, America’s most active dealmaker, arranged $155 million in financing to refinance PMC’s Riverwalk tower, a mixed-use property in Philadelphia, PA.

This transaction was negotiated by Meridian Senior Vice President, David Fisher based in the company’s Iselin, New Jersey office.

Located at 60 N. 23rd Street, Riverwalk will comprise 331 apartments with monthly rents that range from $1,655 for studios to $4,195 for two-bedrooms with a balcony. The 28-story tower’s amenities include terraces, a pool, a lounge, a fitness center and on-site parking. The project, which is slated for completion next year, will also have 72,000 square feet of ground-floor retail space anchored by a two-story, 65,000-square-foot Giant Food Stores supermarket.