Tuesday, August 25, 2015

Meridian Capital Group Arranges Acquisition Financing for the Oakleigh Apartments Multifamily Property Located in Baton Rouge, LA

Oakleigh Apartments, 11580 Perkins Road
Baton Rouge, LA
ISELIN, NJ,  Aug. 25, 2015, – Meridian Capital Group, America’s most active debt broker, negotiated a mortgage for the purchase of the Oakleigh Apartments multifamily property located in Baton Rouge, LA on behalf of a private REIT.

The 10-year loan, provided by EverBank, features a competitive fixed-rate of 3.83% and a flexible prepayment penalty. 

This transaction was negotiated by Meridian Senior Vice President, Barry Lefkowitz and Vice President, Sam Walkin who are both based in the Company’s Iselin, NJ office.
Constructed in mid-1980’s, Oakleigh Apartments is a townhome-style community that totals 296 units and is located at 11580 Perkins Road in Baton Rouge, LA. The gated property features two swimming pools, a fitness center and an on-site laundry facility.

Perkins Rowe Shopping Center, Baton Rouge, LA
Oakleigh Apartments is conveniently located two blocks from the Perkins Rowe Shopping Center, Cinemark Theatre and numerous popular restaurants.

“We worked closely with the talented team at EverBank to manage title and land restrictions allowing our client to close their purchase as planned and begin executing their business plan,” said Mr. Walkin. 

“In addition, we negotiated high loan-to-cost balance sheet financing that includes a low rate of 3.83% despite a rising interest rate environment,” he added.

 For a complete copy of the company’s news release, please contact:

Jonathan Stern
Meridian Capital Group

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