Tuesday, January 24, 2017
Boca Raton, FL, Jan. 24, 2017, - Meridian Capital Group, America’s most active debt broker, announces four closed transactions in Florida.
A new mortgage of $11.1 million was placed by Meridian on the 156-unit Essex House Apartments, located in West Palm Beach, FL. The five-year loan features a fixed rate of 3.63% and was negotiated by Senior Vice President, Russ Drebin.
Meridian negotiated $10.6 million in financing for the 184-unit Shoreview at Baldwin Park multifamily property in Orlando, FL. The seven-year loan features a floating rate of 2.61% over the 30-day LIBOR rate and was negotiated by Senior Managing Director, Abe Hirsch.
A new mortgage of $7.5 million was placed by Meridian on the Lake City Professional Plaza, a 96,350 square foot office center, located in Lake City, FL. The seven-year loan features a fixed rate of 4.00% and was negotiated by Managing Director, Noam Kaminetzky and Vice President, Avi Geller.
Meridian arranged $7.2 million in financing for the purchase of a 266-pad manufactured housing community, Aloha Mobile Home Park, in Sarasota, FL. The three-year bridge loan features a fixed rate of 6.50% and was negotiated by Senior Vice President, Jim Bologno.
Founded in 1991, Meridian Capital Group is America’s most active debt broker and one of the nation’s leading commercial real estate finance advisory firms. In 2016, Meridian closed $35 billion in transaction volume.
For a complete copy of the company’s news release, please contact:
Meridian Capital Group
Posted by Alex at 2:25 PM