Monday, March 7, 2016

Meridian Capital Group Arranges $18 Million in CMBS Financing for Deerfield Plaza Shopping Center in Orlando, FL

Deerfield Plaza, 12700 South Orange Blossom Trail, Orlando, FL

New York, NY, March 7, 2016 – Meridian Capital Group, America’s most active debt broker, arranged $18 million in CMBS financing for the refinance of Deerfield Plaza, a shopping center located in Orlando, FL on behalf of Blue Sphere.

Tal Bar-Or
The 10-year loan, provided by a CMBS lender, features a competitive fixed-rate and four years of interest-only payments. This transaction was negotiated by Meridian Managing Director, Tal Bar-Or, who is based in the Company’s New York City headquarters.

Deerfield Plaza is located at 12700 South Orange Blossom Trail and totals 106,292 square feet. The property features a Wendy’s restaurant and is anchored by LA Fitness on a long-term lease through 2026.

 Deerfield Plaza is conveniently located within walking distance of a Wal-Mart, Chipotle, Panera Bread and Dollar Tree, all of which increase traffic flow to the shopping center. The property has seen a tremendous increase in occupancy over the last two years and is currently 95% leased.

“We are proud to have been chosen again by Blue Sphere to represent them on this important financing transaction,” said Mr. Bar-Or. “After evaluating several options and by working in tandem with the lender, we were able to structure a 10-year loan with four years of interest-only payments and a creative reserve structure.

“The execution here speaks to the quality of the sponsorship, property and relationship with the lender,” he added.

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

Jonathan Stern
Meridian Capital Group

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