Friday, November 13, 2015
Meridian Capital Group Arranges $21 Million in Acquisition Financing for the Center Court Apartments Located in Miami, FL
New York, NY – Meridian Capital Group, America’s most active debt broker, arranged $21 million in acquisition financing for the purchase of the Center Court Apartments, a multifamily property located in Miami, FL on behalf of YMP Realty Management.
The seven-year loan, provided by a balance sheet lender, features a competitive fixed-rate of 3.98% and a 30-year amortization schedule. This transaction was negotiated by Meridian Managing Director, David Hayum, and Vice President, Tal Savariego, who are both based in the Company’s New York City headquarters.
Center Court Apartments totals 588 units and is located at 14797 NE 18th Avenue in North Miami, FL.
“Meridian leveraged our relationship with the lender to negotiate competitive balance sheet financing with a low fixed-rate and maximum proceeds,” said Mr. Hayum.
For a complete copy of the company’s news release, please contact:
Meridian Capital Group
Posted by Alex at 11:09 AM