Meridian Capital Group Arranges $4.7 Million in Acquisition Financing for the Shelby Crossing Apartments in Louisville, KY

Shelby Crossing Apartments, 500 La Fontenay Court, Louisville, KY

Boca Raton, FL, Oct. 3, 2013 – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $4.7 million mortgage for the purchase of the Shelby Crossing Apartments multifamily property in Louisville, KY.

The 10-year loan features a competitive fixed-rate of 4.25% and was provided by a CMBS lender. This transaction was negotiated by Meridian Capital Group Director, Noam Kaminetzky, who is based in the Company’s Boca Raton, FL office. 

 The Shelby Crossing Apartments is located at 500 La Fontenay Court and is composed of seven two-story buildings totaling 90 units on 6.25 acres of land. Amenities include tennis courts, a swimming pool, fitness center, clubhouse and laundry facility.

 “Agency lenders, the natural choice for a property like this, had challenges structuring around the perpetual use agreement for the amenities,” said Mr. Kaminetzky. “As a result, Meridian creatively worked to overcome these obstacles with a CMBS lender,” he added.

Founded in 1991, Meridian Capital Group, LLC is one of the nation’s largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida, Arizona and California.

Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com

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

Jonathan M. Stern

Managing Director

Meridian Capital Group, LLC

1 Battery Park Plaza, 26th Floor

New York, NY 10004

jstern@meridiancapital.com

Direct: 212.612.0181

Fax: 212.201.5181

www.meridiancapital.com