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| Oakleigh Apartments, 11580 Perkins Road Baton Rouge, LA |
ISELIN, NJ, Aug. 25, 2015, – Meridian Capital Group,
America’s most active debt broker, negotiated a mortgage for the purchase of
the Oakleigh Apartments multifamily
property located in Baton Rouge, LA on behalf of a private REIT.
The 10-year loan, provided
by EverBank, features a competitive fixed-rate of 3.83% and a flexible
prepayment penalty.
This transaction was negotiated by Meridian Senior Vice
President, Barry Lefkowitz and Vice
President, Sam Walkin who are both
based in the Company’s Iselin, NJ office.
Constructed in mid-1980’s,
Oakleigh Apartments is a townhome-style community that totals 296 units and is
located at 11580 Perkins Road in Baton Rouge, LA. The gated property features
two swimming pools, a fitness center and an on-site laundry facility.
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| Perkins Rowe Shopping Center, Baton Rouge, LA |
Oakleigh Apartments is
conveniently located two blocks from the Perkins Rowe Shopping Center, Cinemark
Theatre and numerous popular restaurants.
“We worked closely with
the talented team at EverBank to manage title and land restrictions allowing
our client to close their purchase as planned and begin executing their
business plan,” said Mr. Walkin.
“In addition, we negotiated high loan-to-cost
balance sheet financing that includes a low rate of 3.83% despite a rising
interest rate environment,” he added.
For a complete
copy of the company’s news release, please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
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