Wednesday, October 14, 2015

Meridian Capital Group Arranges $6.2 Million in Agency Financing for the Purchase of the Waldan Pond Apartments in Acworth, GA

Waldan Pond Apartments, 450 Waldan Circle, Acworth, GA

Carlsbad, CA, Oct. 14, 2015,  – Meridian Capital Group, America’s most active debt broker, negotiated a $6.2 million agency loan for the purchase of the Waldan Pond Apartments, a multifamily property located in Acworth, GA on behalf of Canadian investors.

Sarah Kuebler
The seven-year Freddie Mac loan, provided by Capital One Multifamily Finance, features a fixed-rate below 4.00%, an 80% loan-to-cost ratio and interest-only payments for the first year followed by a 30-year amortization schedule.

This transaction was negotiated by Meridian Managing Director, Seth Grossman, and Associate, Sarah Kuebler, who are both based in the Company’s Carlsbad, CA office.

Waldan Pond Apartments are located at 450 Waldan Circle in Acworth, GA and totals 124 units.

“The borrower is a repeat client of Meridian and has closed loans in multiple U.S. markets. 

"This loan was rate locked and closed during a period of severe market dislocation where agency spreads were widening, but all parties worked together to move quickly and the transaction was early rate locked far below the market,” said Mr. Grossman.

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

Jonathan Stern
Meridian Capital Group

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