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| Sarah Kuebler |
Carlsbad, CA, July 7, 2015 – Meridian Capital Group,
America’s most active debt broker, negotiated a $32.7 million loan for the
purchase of Hamilton Bay, a
multifamily property located in Brandon, FL.
The seven-year loan, provided by a Northeast-based
balance sheet lender, features a competitive fixed-rate of 3.63%, an initial
interest-only period followed by a 30-year amortization schedule and a
five-year extension option.
This transaction
was negotiated by Meridian Capital Group Managing Director, Seth Grossman, and Vice President, Sarah Kuebler, who are both based in
the Company’s Carlsbad, CA office.
Hamilton Bay is a 444-unit multifamily property that is
located at 1801 Princeton Lakes Drive in Brandon, FL.
"Meridian has negotiated financing on behalf of this
sponsor with this lender numerous times,” said Mr. Grossman. “As a result,
we've achieved a very smooth process with all parties working synchronously,
which is of particular value when working on mission-critical acquisition
financing such as this."
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
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