Thursday, February 20, 2014

Meridian Capital Group Arranges $15.5 Million in Permanent Financing for the Shoppes at Blue Lake Located in Boca Raton, FL


Shoppes at Blue Lake shopping center, Boca Raton, FL


Boca Raton, FL – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $15.5 million mortgage for the refinancing of the Shoppes at Blue Lake shopping center located in Boca Raton, FL.

 The seven-year, non-recourse mortgage features a 75% loan-to-value ratio and a competitive fixed-rate of 4.13%.

This financing was rate-locked at application and was provided by a local savings bank. Meridian Managing Director, Michael Brown, and Directors, Noam Kaminetzky and Daniel Bockstoce, of the Company’s Boca Raton, FL negotiated this transaction.

The 50,000 square foot shopping center consists of four multi-tenanted buildings and notable tenants include Wells Fargo, PNC Bank, and Miller’s Ale House.

“Meridian leveraged our outstanding lender relationships to negotiate highly accretive financing that will save our client more than $1 million over the new loan term,” said Mr. Brown.

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.

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
Direct: 212.612.0181
Fax: 212.201.5181

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