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| David Hayum |
New York, NY – Meridian
Capital Group, America’s most active debt broker, arranged $21 million in
acquisition financing for the purchase of the Center Court Apartments, a multifamily property located in Miami,
FL on behalf of YMP Realty Management.
The seven-year loan,
provided by a balance sheet lender, features a competitive fixed-rate of 3.98%
and a 30-year amortization schedule. This transaction was negotiated by
Meridian Managing Director, David Hayum,
and Vice President, Tal Savariego,
who are both based in the Company’s New York City headquarters.
Center Court Apartments
totals 588 units and is located at 14797 NE 18th Avenue in North Miami, FL.
“Meridian leveraged our
relationship with the lender to negotiate competitive balance sheet financing
with a low fixed-rate and maximum proceeds,” said Mr. Hayum.
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
jstern@meridiancapital.com
