TUSCALOOSA, AL - Meridian Capital Group recently arranged $10,800,000 in financing for 5050 Cypress Creek Avenue East.The property consists of 15 buildings and a total of 220 units. Max Beyderman and David Cohen of Meridian’s New Jersey office negotiated on behalf of the borrower, Sealy Realty, to secure a rate of 5.5% over a seven-year term mortgage with two years of interest-only payments.
Founded in 1991, Meridian Capital Group LLC is one of the nation’s largest mortgage brokerages serving the multifamily and commercial real estate sectors.
The company is based in New York City with additional offices
in New Jersey, Pennsylvania, Maryland, Illinois, Florida, California and Texas.
in New Jersey, Pennsylvania, Maryland, Illinois, Florida, California and Texas. Working with a wide variety of lenders, Meridian finances transactions ranging from $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, h
ealthcare, self-storage, industrial, and construction properties.
ealthcare, self-storage, industrial, and construction properties. Nationally, Meridian reported more than 2,350 transactions in 2007, totaling over $16.5 billion.
Contact: Dani Sabesan, (212) 612-0109 dsabesan@meridiancapital.com
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