MIAMI, FL - Meridian Capital Group has arranged a loan in the amount of $1,220,000 for the refinance of The Shutters, a 23 unit building located at 1425 NE 125 Terrace.Sean P. Miller of Meridian’s Florida office negotiated to secure a rate of 6.25% over a 5-year term. The borrower, Mr. Alfred Morana, plans on refurbishing the property over the next several months with new paint and landscaping.
Founded in 1991, Meridian Capital Group LLC is one of the nation’s largest mortgage brokerages serving the multifamily and commercial real estate sectors. The company is based in New York City with additional offices in New Jersey, Pennsylvania, Maryland, Illinois, Florida, California, and Texas. Working with a wide variety of lenders, Meridian finances transactions ranging from $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, healthcare, self-storage, industrial, and construction properties. Nationally, Meridian reported more than 2,350 transactions in 2007, totaling over $16.5 billion.
Contact:
Dani Sabesan
dsabesan@meridiancapital.com
(212) 612-0109
Meridian Capital Group, LLC
1 Battery Park Plaza
New York, NY 10004
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