HIALEAH, FL - Meridian Capital Group has arranged a loan in the amount of $3,200,000 for a mixed use facility, consisting of self-storage and retail units, located at on W. 49th St in Hialeah, totaling 55,000 square feet.(Hialeah city entrance photo at right)
Seth Grossman of Meridian’s Florida office negotiated to secure a rate of 6.25% over a 5-year term with a flexible prepayment structure.
The property was less then 50% occupied at closing but was considered highly valuable due to its prime location and future development potential. Meridian used one of its portfolio lenders to secure a loan able to meet the specific needs of the client.
Contact:
Meridian Capital Group, LLC
1 Battery Park Plaza
New York, NY 10004
Dani Sabesan:
dsabesan@meridiancapital.com
(212) 612-0109
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