 |
| Waldan Pond Apartments, 450 Waldan Circle, Acworth, GA |
Carlsbad, CA, Oct. 14,
2015, – Meridian Capital Group,
America’s most active debt broker, negotiated a $6.2 million agency loan for
the purchase of the Waldan Pond
Apartments, a multifamily property located in Acworth, GA on behalf of
Canadian investors.
 |
| Sarah Kuebler |
The seven-year Freddie Mac
loan, provided by Capital One Multifamily Finance, features a fixed-rate below
4.00%, an 80% loan-to-cost ratio and interest-only payments for the first year
followed by a 30-year amortization schedule.
This transaction was negotiated
by Meridian Managing Director, Seth
Grossman, and Associate, Sarah
Kuebler, who are both based in the Company’s Carlsbad, CA office.
Waldan Pond Apartments are
located at 450 Waldan Circle in Acworth,
GA and totals 124 units.
“The borrower is a repeat
client of Meridian and has closed loans in multiple U.S. markets.
"This loan was
rate locked and closed during a period of severe market dislocation where
agency spreads were widening, but all parties worked together to move quickly
and the transaction was early rate locked far below the market,” said Mr.
Grossman.
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
No comments:
Post a Comment