Meridian Capital Group Arranges Over $7M in Financing in North Carolina and Florida

Plaza Terrace Apartments in Laurinburg, NC Receives $2.5M

LAURINBURG,  NC - Meridian Capital Group recently arranged a loan in the amount of $2,500,000 for the refinancing of the Plaza Terrace Apartments.( top left photo)

 This 154-unit property is garden style with brick veneer and pitched shingle roofs. Mike Brown and Noam Kaminetzky of Meridian’s Florida office successfully negotiated with Alliant Capital on behalf of the borrower to secure a fixed rate of 5.53% for a 10-year term.

Meridian Arranges Over $2.5M in Financing for Assisted Living Facility in North Miami, FL 

NORTH MIAMI,  FL - Meridian Capital Group recently arranged a loan in the amount of $2,500,000 for the refinancing of a 118 bed, 30,836 square foot assisted living facility in North Miami.

This single story facility sprawled over 2.05 acre, offers meal programs, private and semi-private rooms, 24 Hour Supervision, Daily Housekeeping, Medication Supervision, Laundry Service, On Site Activities & Entertainment and a Barbershop and Beauty Salon.

Daniel Heumann and Noam Kaminetzky of Meridian’s Florida office successfully negotiated with a local lender a rate of 6.50% for a 25-year self-liquidating term. Additionally, Meridian secured the ability for the borrower to obtain supplemental funding of up to 100% of the loan amount.

Self-Storage Facility in Tampa, FL Obtains $2.2M Loan

TAMPA,  FL - Meridian Capital Group recently arranged a loan in the amount of $2,200,000 for the refinancing of a 466 unit, 43,357 square foot self storage facility in Tampa.

The property, situated 2.50 acres, includes 192 Climate-Controlled units and 274 Non Climate-Controlled units. The property includes a cell tower that is leased by Verizon.

Mike Brown and Noam Kaminetzky of Meridian’s Florida office successfully negotiated on behalf of the borrower to secure a rate of 6.50% for a 10-year term.

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 and California.

 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 2,250 transactions in 2008, totaling over $11.5 billion.

Contact: Dani Sabesan:  (212) 612-0109,  Cell: (516) 551-9109,  Fax: (212) 201-5154     dsabesan@meridiancapital.com, http://www.meridiancapital.com/