Thursday, March 13, 2008

Meridian Capital Group Arranges Financing for Strip Center in Hialeah, FL


HIALEAH, FL - Meridian Capital Group has arranged a loan in the amount of $2,100,000 for the purchase of a strip center on 28th Ave in Hialeah. Seth Grossman of Meridian’s Florida office secured a non-recourse loan at a rate of 6% fixed for 10 years.


In addition, Meridian negotiated an interest-only term for the first portion of the loan to give the borrower time to increase the property’s cash flow.

“It’s a good feeling, “Mr. Grossman said, “ when even the borrower is surprised at how favorable the loan terms are, especially in this market.”

Contact:
Dani Sabesan
212 612 0109

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