Tuesday, September 16, 2014

Meridian Capital Group Arranges $17 Million in Permanent Financing for the Aloft Miami-Brickell Hotel Property Located in Miami, FL


Aloft Miami-Brickell Hotel, Miami, FL
Boca Raton, FL – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $17 million mortgage for the cash out refinance of the Aloft Miami-Brickell hotel property located in Miami, FL.

 The 10-year CMBS loan features a competitive fixed-rate of 4.86% and interest-only payments for the full-term.

 This transaction was negotiated by Meridian Capital Group Managing Director, Michael Brown, and Loan Originator, Brad Beattie, who are both based in the Company’s Boca Raton, FL office.

 The Aloft Miami-Brickell hotel totals 160 rooms and is located at 1001 SW Second Avenue in the financial district of Miami, FL. The property is conveniently located with easy access to Downtown Miami, Brickell, Port of Miami, Miami Beach and major attractions like American Airlines Arena and Bayside.

 “The hotel has been stabilized for six months,” said Mr. Brown. “Meridian created competition in the market to distill down to those lenders with intimate knowledge of Miami’s hospitality industry who could provide attractive financing, including full-term interest-only payments, based on six months of operations and the projected cash flows,” he added.

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

Jonathan Stern
Meridian Capital Group, LLC
212/972-3600

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